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As Bitcoin (BTC) Price Hits $39,000, Spot BTC ETF Finally Gets Official Approval Window.
Bitcoin (BTC) reached a pivotal milestone, with its price soaring to $39,000 on the Bitstamp exchange at precisely 16:45 UTC. This marks the highest level the digital currency has achieved since early May 2022.
The surge aligns closely with recent revelations about the official approval window for a spot Bitcoin ETF, a long-anticipated move in the crypto sector.
In a recent post on the X social media network, prominent ETF analyst James Seyffart noted that the window for potential approval of a spot Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC) is officially set between Jan. 5 and Jan. 10. This announcement has stirred considerable excitement in the cryptocurrency community, with Seyffart suggesting that any approval orders would likely be issued on Jan. 8, 9, or 10. Seyffart suggested there's a 10% chance or less that the approval might not occur in the expected timeframe. He speculated that such a delay could happen if Chair Gary Gensler decides to "go nuclear."
The surge in Bitcoin's price to its new 2023 peak can be attributed to several pivotal factors. This recent spike is credited to the optimistic views of influential investors and changing economic conditions.
#BTC #bitcoinetf #BTCETF #etf #spotbtcetf
$BTC
Bitcoin (BTC) reached a pivotal milestone, with its price soaring to $39,000 on the Bitstamp exchange at precisely 16:45 UTC. This marks the highest level the digital currency has achieved since early May 2022.
The surge aligns closely with recent revelations about the official approval window for a spot Bitcoin ETF, a long-anticipated move in the crypto sector.
In a recent post on the X social media network, prominent ETF analyst James Seyffart noted that the window for potential approval of a spot Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC) is officially set between Jan. 5 and Jan. 10. This announcement has stirred considerable excitement in the cryptocurrency community, with Seyffart suggesting that any approval orders would likely be issued on Jan. 8, 9, or 10. Seyffart suggested there's a 10% chance or less that the approval might not occur in the expected timeframe. He speculated that such a delay could happen if Chair Gary Gensler decides to "go nuclear."
The surge in Bitcoin's price to its new 2023 peak can be attributed to several pivotal factors. This recent spike is credited to the optimistic views of influential investors and changing economic conditions.
#BTC #bitcoinetf #BTCETF #etf #spotbtcetf
$BTC
