Although rumors that the US Securities and Exchange Commission (SEC) would soon approve a Spot Bitcoin ETF caused the price of Bitcoin to rise above $45,000.
However, the price of Bitcoin today (December 3) has dropped below the $42,000 range once again, according to data from Tradingview.
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Although we do not know what causes the price of the coin to fall so quickly, But what is more likely is the latest post by Bloomberg analyst James Seyffart that the SEC could delay the approval of the Bitcoin ETF until January 10th.
which is the reason for the delay He revealed that at this time, the agency still needs time to review the Bitconi ETF and expects it to be effective between January 8th and January 10th.
Here is a view of the Cointucky Derby starting gate from this morning. We focus on these 11 areas #Bitcoin ETF filers. Expect most of these D/G to be filled over the next ~week.
Still looking for possible approval orders in the January 8 to January 10 window. pic.twitter.com/HYdnPuiaRx
— James Seyffart (@JSeyff) January 2, 2024
Interestingly, his comments coincide with posts from Fox Business reporter Eleanor Terrett who said Bitcoin ETFs could drag on until January 10th, and Ark Invest CEO Cathie Wood who believes the SEC will take a lot of time. To be considered when approving all Bitcoin ETF funds at the same time.
Source: Bitcoin news
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