Bitcoin ETF

Bitcoin

SushiSwap

Spot

<p>The anticipated approval of Bitcoin spot exchange-traded funds (ETFs) by the SEC could lead to a significant upside for Bitcoin’s price, <a href="https://twitter.com/rovercrc/status/1721426189040910753" target="_blank" rel="noopener noreferrer nofollow">according</a> to crypto YouTuber Crypto Rover.</p>
<p>Currently, there are 12 proposals for Bitcoin spot ETFs in the pipeline that allow direct ownership of BTC. The widespread expectation is that the SEC will approve all applications simultaneously to prevent any one issuer from gaining an advantage, Rover explained.</p>
<p>The key question then becomes: which ETF will attract the most investment and trading volumes? For any ETF provider, being the dominant player is ideal, as larger volumes typically equate to lower fees.</p>
<p>“As a result, there’s an expectation that every issuer will launch extensive marketing campaigns for their respective ETFs. The goal is to attract the most efficient market makers,” Rover noted.</p>
<p>The aftermath of the anticipated ETF approvals could be even more impactful than many expect. With all issuers aggressively promoting their Bitcoin ETFs, Rover believes this competitive marketing could drive significant new inflows into BTC and propel the next major bull run.</p>
<p>This likely explains why major financial figures like BlackRock’s Larry Fink are making media appearances to promote their planned Bitcoin ETF products.</p>
<p>Read also:</p>
<ul>
 <li><a href="https://captainaltcoin.com/how-solana-ethereum-and-these-cryptos-can-get-you-90-win-rate-in-the-current-market-condition/" target="_blank" rel="noopener noreferrer nofollow">How Solana, Ethereum and These Cryptos Can Get You 90%+ Win Rate in the Current Market Condition</a></li>
 <li><a href="https://captainaltcoin.com/in-two-weeks-bitcoin-price-will-drop-and-this-will-happen-to-altcoins/" target="_blank" rel="noopener noreferrer nofollow">In Two Weeks Bitcoin (BTC) Price Will Drop and This Will Happen to Altcoins</a></li>
 <li><a href="https://captainaltcoin.com/sushiswap-sees-50-pump-in-24-hours-while-this-crypto-quietly-raised-4-2m-ahead-of-ico/" target="_blank" rel="noopener noreferrer nofollow">SushiSwap Sees 50% Pump in 24 Hours, While This Crypto Quietly Raised $4.2m Ahead of ICO</a></li>
</ul>
<p>In summary, Rover sees the pending flood of SEC-approved, physically-backed Bitcoin ETFs as a potential catalyst for Bitcoin to surge to new all-time highs. The jostling among providers to secure the most BTC volumes should generate tremendous hype and exposure for the leading cryptocurrency.</p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>74% of retail CFD accounts lose money.</strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/approval-of-bitcoin-spot-etfs-could-catalyze-next-major-btc-price-surge-expert/" rel="noopener noreferrer nofollow">Approval of Bitcoin Spot ETFs Could Catalyze Next Major BTC Price Surge: Expert</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Approval of Bitcoin Spot ETFs Could Catalyze Next Major BTC Price Surge: Expert

Table of Contents

CaptainAltcoin

Other articles published on Nov 6, 2023

Shiba Inu (SHIB): Three Things to Look Out for This Week

MetaBID Unveils Unprecedented 1 x Bitcoin (BTC) Auction as User Engagement Skyrockets

S&P 500 Outpaces BTC, ETH as Crypto Rally Slows Down: Santiment

SEC wants to hire crypto experts, but job candidates won’t sell their holdings

Unlock Earning features — Live Streaming on Chingari with GARI Pandas! 🐼📱💰

What is DREP Coin?

Join our free newsletter for daily crypto updates!