Bitcoin

Spot

Percent

Bloomberg ETF analyst Eric Balchunas stated in his statement that he had heard about the SEC's Bitcoin (BTC) Spot ETF approvals. 
According to Balchunas, the SEC's Trading and Markets Division met with exchanges this week about Bitcoin Spot ETF 19b-4 forms and asked them to use the cash generation method instead of the in-kind method. 
In addition, he asked to make changes to his applications in the coming weeks. According to Balchunas, this is not an unexpected development, but it is a positive sign for approval. 
Related News: <a href="https://en.bitcoinsistemi.com/altcoin-up-284-percent-in-the-last-month-plunges-on-rumors-developer-defends-it-as-fud/" target="_blank" rel="dofollow">Altcoin, Up 284 Percent in the Last Month, Plunges on Rumors, Developer Defends It as 'FUD'</a> 
In a 'cash creation' transaction, the ETF takes the cash and uses it to purchase the necessary assets. In contrast, 'in-kind' contributions involve the transfer of the assets themselves. 
<figure id="attachment_127089" aria-describedby="caption-attachment-127089" style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" class="size-full wp-image-127089" src="https://www.bitcoinsistemi.com/wp-content/uploads/2023/11/BTCUSDT_2023-11-17_20-04-46.png" alt="" width="1342" height="792">
 <figcaption id="caption-attachment-127089" class="wp-caption-text">
 After the analyst's post was evaluated in favor of approval, there was a sudden increase in the BTC price.
 </figcaption>
</figure> 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/breaking-bloomberg-analyst-says-he-heard-insider-rumors-about-bitcoin-spot-etf-bitcoin-price-soars/">BREAKING Bloomberg Analyst Says He Heard Insider Rumors About Bitcoin Spot ETF, Bitcoin Price Soars</a>

BREAKING Bloomberg Analyst Says He Heard Insider Rumors About Bitcoin Spot ETF, Bitcoin Price Soars

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