According to Reuters, the U.S. Securities and Exchange Commission (SEC) has approved applications for Bitcoin spot ETFs from 11 issuers including Ark/21Shares, WisdomTree, Invesco, Grayscale, Blackrock, BitWise, VanEck, Fidelity, Valkyrie, Franklin, and Hashdex. , the market is expected to start trading on Thursday.
As previously reported, the first stage of approving a spot Bitcoin ETF is the SEC’s signing of the 19 b-4 document. The SEC then needs to approve the issuer's S-1 filing, and if both are approved, the ETF can technically begin trading the next business day.
The cryptocurrency market plummeted today due to concerns that the SEC might delay decisions on all pending BTC ETF spot applications, leading to more than $160 million in long-term liquidations.
Key crypto events in the second half of November - November 15th: $AMB – Token Economics Upgrade - November 16th: $TOKEN - Significnat Announcement - November 17: $BTC ETF Spot Approval Possibility - November 19: Swift - ISO 20022 - November 22nd: $AXS - Axie Champion Closed Beta - November 23: NFTB - Announcements - November 24th: $GMT - Gas Hero Beta Test - November 27th: $QTUM - Mainnet upgrade - November 28th: $ILV: Beta 3: PVP released - November 29th: $LINK - Stake v0.2 priority migration
If this is a bull market, Then, we should be chasing the rise. If this is still a bear market, Then, it's about timely profit-taking and settling. So, what market are we in now?