Bitcoin ETF

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<p>The post <a href="https://coinpedia.org/news/will-bitcoin-etf-will-be-approved-on-jan-10th-or-delayed-to-may-2024/">Will Bitcoin ETF Be Approved on Jan 10th or Delayed to May 2024?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>In a critical juncture for the cryptocurrency market, the decision on the approval of spot Bitcoin Exchange-Traded Funds (ETFs) looms large. Bitcoin surged, briefly surpassing $47,000, propelled by hopes of regulators green-lighting the first US ETFs directly invested in the digital asset. Despite this rally, Bitcoin later consolidated around $46,739 after a 6.5% jump on Monday in the US, signaling optimism but also some uncertainty.&nbsp;</p> 
<p>Notable analyst ImNotTheWolf highlighted pivotal deadlines extending until May 2024, starting with ARKB’s scheduled review on January 10, 2024.</p> 
<h2 class="wp-block-heading" id="h-imminent-deadlines-for-spot-bitcoin-etfs"><strong>Imminent Deadlines for Spot Bitcoin ETFs</strong></h2> 
<p>ImNotTheWolf’s <a href="https://x.com/ImNotTheWolf/status/1744541665610912147?s=20">insights </a>project a potential cascade effect if ARKB gains approval, likely leading to simultaneous nods for additional Bitcoin ETFs. Conversely, rejections or setbacks, including ARKB, could delay the ETF approval timeline until the later May deadline. These looming decisions hold substantial influence over Bitcoin’s integration into traditional markets and its broader impact on the cryptocurrency realm.</p> 
<p>The crypto community expects a favorable ruling on US Bitcoin ETFs by January 10, with key players like BlackRock, Fidelity, and Ark Investment Management submitting updated paperwork to the SEC. Analysts speculate the agency might release multiple approvals to avoid favoritism. If greenlit, the focus shifts to gauging the investment inflow; Bitcoin’s 172% surge in the past year hints at growing faith in its adoption.</p> 
<h2 class="wp-block-heading" id="h-bitcoin-s-market-impact"><strong>Bitcoin’s Market Impact</strong></h2> 
<p>Market optimism is evident, with traders foreseeing potential inflows surpassing expectations. Yet, critics warn of risks, highlighting the volatility and susceptibility to illicit activities that spot crypto ETFs could pose to investors. The broader digital asset market, riding on Bitcoin’s momentum, buoyed smaller tokens and bolstered US crypto-linked stocks, signaling positive market sentiment.</p> 
<p>The awaiting SEC decision on Bitcoin ETFs, amid market exuberance, underscores a critical juncture for crypto’s entrenchment in traditional finance and its widespread implications across the digital asset landscape.</p>

Will Bitcoin ETF Be Approved on Jan 10th or Delayed to May 2024?

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