The U.S. SEC will decide this week whether to approve six spot Bitcoin ETF listing applications including BlackRock

Applicants include BlackRock, Bitwise, Fidelity, WisdomTree, VanEck, Invesco Galaxy.

Generally speaking, the SEC will most likely pass one or two applications in batches, which will definitely be beneficial to the crypto field. This event has two opportunities for currency buyers:

1. Before the news is released - short-term rise

2. After the news is released - a short-term decline, then a shock back to the position before the rise