<ul> 
 <li>Rumors suggest Blackrock’s <a href="https://cryptonewsland.com/massive-liquidity-approaching-crypto/" rel="noopener noreferrer nofollow">Bitcoin ETF</a> may have received approval.</li> 
 <li>Approval could catalyze a ‘god candle’ surge to $40,<a href="https://cryptonewsland.com/cathie-wood-remains-confident-bitcoins-potential-to-reach-1000000-by-2030/" rel="noopener noreferrer nofollow">000</a> in Bitcoin value.</li> 
 <li>Such an event could serve as a pivotal moment for the broader cryptocurrency market.</li> 
</ul> 
<p>Market murmurs and speculations are amping up, and the crypto community is buzzing with the latest rumor: Blackrock’s Spot Bitcoin ETF has already been approved. If this is the case, many are saying that Bitcoin is on the cusp of a significant bullish surge—a ‘god candle’ that could shoot the cryptocurrency’s value up to $40,000.</p> 
<p>This speculation has the potential to be a game-changer for both retail and institutional investors. An ETF (Exchange Traded Fund) approval from a heavyweight like Blackrock would lend immense credibility to Bitcoin, possibly triggering a strong buying momentum.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">If the rumours are true and the Blackrock Spot <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> ETF is already approved, Get ready for a god candle to $40,000.</p>— Crypto Rover (@rovercrc) <a href="https://twitter.com/rovercrc/status/1700238828567724355?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 8, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>The term ‘god candle’ is used colloquially within the cryptocurrency community to denote an enormous green candle on trading charts, symbolizing a drastic, rapid increase in price. In Bitcoin’s case, such a surge has the potential to rewrite the narrative surrounding its utility, stability, and long-term prospects.</p> 
<p>Though it’s crucial to remember that, as of now, these are just rumors, the very notion of a Blackrock Spot Bitcoin ETF has already electrified the market. An approval would also likely lead to more mainstream acceptance of Bitcoin, reinforcing its status as a legitimate asset class.</p> 
<p>So, if you’ve been on the fence about investing in Bitcoin, this may be the time to decide. The hypothetical ‘god candle’ could either be an incredible opportunity for gain or a volatile storm to steer clear of—but one thing is for certain: all eyes are on Blackrock and the SEC for official confirmation.</p> 
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 <li><a href="https://cryptonewsland.com/bitcoin-btc-candles-moves-from-red-to-green-after-9-weeks/" rel="noopener noreferrer nofollow">Bitcoin (BTC) Candles Moves From Red to Green After 9 Weeks</a></li> 
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 <li><a href="https://cryptonewsland.com/blackrocks-bitcoin-etf-filing-fuels-grayscales-climb-towards-2023-peak/" rel="noopener noreferrer nofollow">BlackRock’s Bitcoin ETF Filing Fuels Grayscale’s Climb Towards 2023 Peak</a></li> 
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</ul> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/blackrock-spot-bitcoin-etf-rumored-to-be-approved/">Blackrock Spot Bitcoin ETF Rumored to Be Approved: A Surge to $40,000 on the Horizon?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Blackrock Spot Bitcoin ETF Rumored to Be Approved: A Surge to $40,000 on the Horizon?

Crypto News Land

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