While the arrogance round spot Bitcoin ETF approval earlier than the January 10, 2024 deadline in growing, the Bitcoin (BTC) price shot up as excessive as $44,000. Meanwhile, ETF filers proceed to have deliberations with the U.S. Securities and Exchange Commission (SEC).
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Matrixport Sees BTC At $50K
According to Matrixport Research, the BTC worth is predicted to breach the $50,000 mark in January 2024, if and when the US SEC clears the approval of ETFs. Currently, the agency sees a 95% likelihood of Bitcoin ETF approval in January 2024. Investment supervisor Blackrock had within the latest instances held conferences with the SEC a number of instances, in what could possibly be in preparation for the spot ETF approval.
In a modern, it’s learnt that Grayscale had a gathering with the US SEC officers on December 19, 2023 across the potential conversion of the Grayscale Bitcoin Trust (GBTC) right into a Bitcoin ETF. The dialogue involved the proposed rule change to record and commerce shares of the Grayscale Bitcoin Trust (BTC), memorandum from David Remus of the SEC’s Division of Trading and Markets said.
Also Read: Michael Saylor: Spot Bitcoin ETF Nod To Create Demand Shock For BTC
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