Bitcoin's Current Uptick Just The Start, Benzinga Pinpoints 3 Major Catalysts Ahead $BTC

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In the ever-evolving landscape of digital assets, Bitcoin BTC/USD remains a topic of robust discussion and speculation, particularly in relation to what catalysts might propel its value to unprecedented heights.

Benzinga has identified three potential bullish catalysts that could send Bitcoin soaring.

The prospects of the apex crypto will be among the topics of deep conversation at Benzinga's Future of Digital Assets conference on Nov. 14, where investors and experts will converge to dissect the future trajectories of cryptocurrencies.

Spot Bitcoin ETF Approvals

The first catalyst centers on the potential approval of spot Bitcoin exchange-traded Funds (ETFs).

A spot ETF, unlike its futures counterparts, is based on the current price of Bitcoin and allows investors direct exposure to the cryptocurrency.

The U.S. Securities and Exchange Commission (SEC) has been historically hesitant to approve such investment products due to concerns over market manipulation and volatility.