Bitcoin

Bitcoin ETF

Key Points:<ul><li>SEC insider hints at approval odds surpassing 99%.</li><li>Bitcoin’s market sentiment soars, reaching fresh yearly highs.</li><li>Investors anticipate a game-changing moment as the final SEC decision approaches.</li></ul>As the clock ticks down to the much-anticipated deadline for major asset managers’ Bitcoin ETF applications, insiders at the US Securities and Exchange Commission (SEC) are signaling a significant surge in the likelihood of approval. Initial predictions, notably Bloomberg’s 90% chance, have now been eclipsed, with insiders suggesting the probability has surged beyond an impressive 99%.The growing optimism surrounding the approval of a Bitcoin ETF is creating a buzz in the investment community. If granted, this financial instrument could usher in substantial capital influx into the Bitcoin market, potentially amplifying its already remarkable year-to-date gains of over 153%.A confidential source within the SEC, identified only as Andrew, recently provided an <a href="https://x.com/AP_Abacus/status/1731817374829998118?s&#61;20" rel="noopener noreferrer nofollow">update on X</a> (formerly Twitter), indicating that the 99% probability of approving a Spot Bitcoin ETF is now considered conservative. While recognizing the inherent uncertainties, the source emphasized that the current estimate exceeds last week’s 99% projection.Market sentiment is undeniably on the rise, mirroring Bitcoin’s price movements as it establishes fresh yearly highs and maintains a robust bullish momentum. At the time of writing, Bitcoin is trading at $42,900, recently reaching an annual peak of $43,400 on Tuesday. In the past 24 hours, the leading cryptocurrency has surged by 4%, marking an impressive 14% increase over the past week._______________________________________________________________________________________Stay connected with us on <a href="https://news.google.com/publications/CAAqBwgKMLrrowwwzOOyBA" rel="noopener noreferrer nofollow">Google News</a>, <a href="https://t.me/cryptosnewsss" rel="noopener noreferrer nofollow">Telegram</a>, <a href="https://twitter.com/NewssCryptos" rel="noopener noreferrer nofollow">Twitter</a>, and <a href="https://www.facebook.com/profile.php?id&#61;100089949049302" rel="noopener noreferrer nofollow">Facebook</a> to stay updated on the latest developments and engaging discussions in the realm of CryptosNewss.Disclaimer: Please note that the viewpoints and perspectives expressed by the author, as well as any individuals referenced in this article, are intended solely for informational purposes. They should not be construed as financial or investment advice. It’s important to acknowledge that investing in or trading cryptoassets carries inherent financial risks.Originally published at <a href="https://cryptosnewss.com/bitcoin-etf-breakthrough-sec-sources-signal-approval-odds-exceeding-99/" rel="noopener noreferrer nofollow">https://cryptosnewss.com</a><a href="https://cryptosnewss.com/shiba-inu-sets-crypto-ablaze-shibarium-burn-consumes-8-24-billion-shib-tokens/" rel="noopener noreferrer nofollow"> </a>on December 6, 2023.

Bitcoin ETF Breakthrough: SEC Sources Signal Approval Odds Exceeding 99%

Cryptos Newss

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