Bitcoin

<ul><li>SEC&#39;s decision on 12 Bitcoin ETFs is expected between Nov 9-17, with the discretion to approve nine by Jan 10.</li><li>Grayscale in strategic discussions with SEC following court victory, aiming to convert GBTC into a spot ETF.</li><li>Analysts express cautious optimism as Bitcoin and other cryptocurrencies show significant price gains.</li></ul>The United States Securities and Exchange Commission (SEC) is approaching a pivotal window that could see the approval of twelve spot Bitcoin exchange-traded funds (ETFs), a decision that is being closely watched by the cryptocurrency industry. Bloomberg ETF analyst James Seyffart has identified the period between November 9 and November 17 as a critical juncture for these approvals.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/6065fc1fb33d4abbaf29d7ea4527ebf9.png" />The SEC&#39;s simultaneous issuance of delay orders for a group of applicants, including industry giants like <a href="https://cryptotale.org/blackrocks-bitcoin-etf-move-fuels-market-surge-the-lowdown/" rel="noopener noreferrer nofollow">BlackRock</a>, Bitwise, <a href="https://cryptotale.org/vaneck-predicts-solanas-meteoric-rise-eyeing-3k-by-2030-milestone/" rel="noopener noreferrer nofollow">VanEck</a>, WisdomTree, Invesco, Fidelity, and Valkyrie, has set the stage for a potential mass approval. Seyffart indicated that this window is the first available opportunity for the SEC to approve all 12 filings since Grayscale&#39;s legal victory was affirmed.Read full article at <a href="https://cryptotale.org/bloomberg-analyst-highlights-secs-potential-for-mass-bitcoin-etf-approvals/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Bloomberg Analyst Highlights SEC's Potential for Mass Bitcoin ETF Approvals

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