The cryptocurrency industry is abuzz with excitement and speculation as the long-awaited approval of the first-ever Bitcoin spot exchange-traded fund (ETF) in the United States draws closer. 

With the potential to significantly impact BTC’s price and market capitalization, industry experts and enthusiasts eagerly await the decision of the US Securities and Exchange Commission (SEC).

Bitcoin ETF Approval Nears?

Amidst the anticipation, predictions have emerged regarding the timing of this development, which could reshape the landscape for institutional investors seeking exposure to the world’s leading cryptocurrency. 

Notably, prominent crypto YouTuber “Crypto Rover” recently stated that the first Bitcoin ETF will be launched within 75 days, and provided insights on the factors behind this projection.

According to Crypto Rover, the final deadline for Ark Invest’s Bitcoin ETF is precisely 75 days away. In an intriguing twist, Crypto Rover suggests that the SEC will unlikely reject Ark Invest’s ETF and subsequently approve BlackRock’s spot ETF. 

Drawing attention to Grayscale’s recent legal victory against the SEC, Crypto Rover speculates that the approval of all spot ETFs may occur before Ark Invest’s application is reviewed. Consequently, it is anticipated that the introduction of the first Bitcoin ETF will take place within the next 99 days.

BTC’s $33,500 Hold Spurs Investor Optimism

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Author: Ronaldo Marquez

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