Bitcoin’s Fate Rests On ETF Approval: Will It Lead To An All-Time High Or A Sell-The-News Plunge?
Bitcoin (CRYPTO: BTC) has seen its value increase by 15% since the start of the month. This uptick is closely tied to the progress surrounding spot Exchange-Traded Funds (ETFs). The cryptocurrency’s all-time high depends on the real flows that the actual ETF will bring. Otherwise, it may become a classic “sell the news,” according to a report. The trigger for this surge was the recent announcement by the U.S. Securities and Exchange Commission (SEC) that Jan. 5, 2024 will be the final deadline for rebuttal comments. This would seemingly pave the way for a probable approval of the first spot ET…