What to Watch for Next:
The approval status of Bitcoin spot ETFs remains the most important event to watch. BlackRock's third evaluation deadline with the SEC is on January 15, 2024, and the final evaluation deadline is on March 15, 2024. Since BlackRock is the largest applicant for ETFs, these two dates are worth paying attention to.
Additionally, regarding ETFs, it's important to watch for any unfavorable approval situations, such as further delays in approvals, which could have a significant impact on the current upward trend. Since the SEC delayed approval for 21Shares & ARK's ETFs, the next approval results are expected in late December. During this period, the market is likely to remain focused on the sentiment surrounding ETF approvals.
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