Bitcoin

The outcome of the race for a regular Bitcoin ETF may be determined in early 2024, and if it happens, the price of Bitcoin could soar.In the ongoing discussion about the regular Bitcoin ETF, Bloomberg Analyst James Seyffart pointed out that the recent court decision against the SEC in the Grayscale case is a significant blow to the SEC’s stance.On August 29, 2023, the D.C. Circuit Court of Appeal disagreed with the SEC’s position on <a href="https://cryptosheadlines.com/grayscale-bitcoin-trust-surges-towards-2023-highs-on-blackrock-etf-filing-buyers-rally/" rel="noopener noreferrer nofollow">Grayscale’s Bitcoin Trust</a> (GBTC) becoming a regular Bitcoin ETF.<h3 id="the-sec-s-views-were-unreasonable-or-illogical">The SEC’s views were “Unreasonable” or “Illogical.”</h3>Seyffart pointed out that the SEC’s stance didn’t seem logical because it treated <a href="https://cryptosheadlines.com/australian-crypto-firm-resubmits-spot-bitcoin-etf-application/" rel="noopener noreferrer nofollow">spot and futures ETF applications</a> differently. Previously, <a href="https://cryptosheadlines.com/bitcoin-bull-run-timing-fresh-rally-predicted-by-bloomberg-analyst/" rel="noopener noreferrer nofollow">Bloomberg analysts predicted a 75% chance of a regular Bitcoin</a> ETF in 2023. After seeing the unanimous support for Grayscale’s filing and the strong words the judge used against the SEC, the analysts became even more confident and raised the odds to 75%. <a href="https://cryptosheadlines.com/bloomberg-analyst-bitcoins-future-shifts-in-early-2024/" rel="noopener noreferrer nofollow">Read More...</a>

Bloomberg Analyst: Bitcoin’s Future Shifts in Early 2024

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