According to President of advisory firm The ETF Store, Nate Geraci, there is anticipation that the long-awaited approval for a spot Bitcoin ETF could come this week. This news comes as Bitcoin experiences an impressive 40% surge over the past month, largely fueled by the heightened anticipation of regulatory approval for a spot Bitcoin ETF.
Recent speculation suggests that the Securities and Exchange Commission (SEC) may be poised to make a significant announcement regarding applications from major asset managers, including industry giants BlackRock and Fidelity. This speculation has gained momentum following the conclusion of a rebuttal period, a crucial development after a delay in September.
