Bitcoin ETF

<ul><li>Analysts foresee an institutional demand surge for Bitcoin, potentially causing scarcity of Bitcoin supply if the ETF gains approval.</li><li>Industry insiders, including Valkyrie CEO Leah Wald, caution against acquiring the entire decentralized Bitcoin supply.</li><li>Debate arises over whether a U.S. Bitcoin ETF approval will significantly impact markets, raising uncertainties.</li></ul>Fox Business correspondent Charles Gasprino has commented on the &#64;SECGov&#39;s decision regarding the $BTC &#34;spot&#34; ETF, stating that it is expected to be released &#34;hopefully next week&#34;. As the crypto community awaits the SEC decision on the spot Bitcoin ETF, expected within the next week, there still remains uncertainty about its potential ramifications.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/f7092320d55d4da8a6c812bffc61905e.png" />The much-awaited approval of a spot Bitcoin exchange-traded fund (ETF) in the United States has earlier been <a href="https://cryptotale.org/sec-sets-deadline-spot-bitcoin-etfs-face-crucial-approval-wave-in-january-2024/" rel="noopener noreferrer nofollow">pushed</a> to January by the SEC. Analysts project that the approval could prompt a surge in demand from institutional investors, potentially causing a substantial reduction in available Bitcoin supply.However, industry insiders caution that securing a vast amount of Bitcoin may prove challenging. Valkyrie CEO Leah Wald commented that it is not practical to acquire the entire circulating supply, pointing out that Bitcoin&#39;s decentralized nature and the reluctance of many holders to sell at any price act as natural barriers against monopolization.Read full article at C<a href="https://cryptotale.org/impending-spot-bitcoin-etf-approval-a-game-changer-or-potential-pitfall/" rel="noopener noreferrer nofollow">ryptoTale.</a>

Impending Spot Bitcoin ETF Approval: A Game-Changer or Potential Pitfall?

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