With rumors stating that the SEC is likely to approve the first-ever Bitcoin Spot ETF in January 2024, there is a speculative ERC-20 token, which could offer soaring returns following its new exchange listing.

This new Bitcoin ETF Token ($BTCETF) is tied to the fate of the Bitcoin Spot ETF – rewarding investors through multiple token-burning events and staking rewards. As we approach the end of 2023, Bitcoin is also creeping closer to the $45K dmark ue to the favorable ETF news.

SEC Likely to Approve a Bitcoin Spot ETF

The approval of a Bitcoin ETF (Exchange-Traded Fund) has been rumored for years. A Bitcoin ETF would allow retail investors to buy and sell Bitcoin like any other asset in the share market.

Through a Bitcoin ETF, you can trade BTC without holding the underlying asset. So far, more than a dozen Bitcoin ETF applications have been filed with the SEC ( U.S. Securities and Exchange Commission) – by global asset management companies such as BlackRock and Fidelity.

BlackRock, in particular, has made the ETF’s approval a top priority for the coming year.

As we approach 2024, sources state that the likelihood of the first Bitcoin ETF approval is very high. According to FOX Business, sources close to some asset management firms believe that the SEC will create history by giving the green light on the Bitcoin Spot ETF approval on January 10th, 2023.

This is the final deadline for the SEC to approve or decline the Spot ETF approvals for Bitcoin. A potential approval could mark the start of a great year for Bitcoin. The popular cryptocurrency is currently trading 19% up in the past 30 days – edging closer to the $45K mark.

The ETF confirmation can potentially boost the token’s value by 2024. With the BTC token halving event expected to take place in April 2024 – Bitcoin could enjoy one of its strongest bull runs in the coming few months.

Users can benefit from the potential approval by getting their hands on Bitcoin ETF Token ($BTCETF) –