bitcoin
Bitcoin (BTC) $ 63,907.12
ethereum
Ethereum (ETH) $ 3,394.75
tether
Tether (USDT) $ 0.999927
bnb
BNB (BNB) $ 570.56
xrp
XRP (XRP) $ 0.547222
cardano
Cardano (ADA) $ 0.41978
usd-coin
USDC (USDC) $ 0.999192
matic-network
Polygon (MATIC) $ 0.509868
binance-usd
BUSD (BUSD) $ 0.948519
dogecoin
Dogecoin (DOGE) $ 0.118839
okb
OKB (OKB) $ 42.73
polkadot
Polkadot (DOT) $ 6.10
shiba-inu
Shiba Inu (SHIB) $ 0.000017
tron
TRON (TRX) $ 0.134641
uniswap
Uniswap (UNI) $ 7.75
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 63,938.13
dai
Dai (DAI) $ 0.99872
litecoin
Litecoin (LTC) $ 70.07
staked-ether
Lido Staked Ether (STETH) $ 3,401.01
solana
Solana (SOL) $ 162.56
avalanche-2
Avalanche (AVAX) $ 26.86
chainlink
Chainlink (LINK) $ 13.55
cosmos
Cosmos Hub (ATOM) $ 6.26
the-open-network
Toncoin (TON) $ 7.29
ethereum-classic
Ethereum Classic (ETC) $ 22.73
leo-token
LEO Token (LEO) $ 5.77
filecoin
Filecoin (FIL) $ 4.35
bitcoin-cash
Bitcoin Cash (BCH) $ 376.13
monero
Monero (XMR) $ 159.51
bitcoin
Bitcoin (BTC) $ 63,907.12
ethereum
Ethereum (ETH) $ 3,394.75
tether
Tether (USDT) $ 0.999927
bnb
BNB (BNB) $ 570.56
usd-coin
USDC (USDC) $ 0.999192
xrp
XRP (XRP) $ 0.547222
binance-usd
BUSD (BUSD) $ 0.948519
dogecoin
Dogecoin (DOGE) $ 0.118839
cardano
Cardano (ADA) $ 0.41978
solana
Solana (SOL) $ 162.56
matic-network
Polygon (MATIC) $ 0.509868
polkadot
Polkadot (DOT) $ 6.10
tron
TRON (TRX) $ 0.134641

Bitcoin ETF Approval To Push BTC Price Above $50K

Must Read

Whereas the arrogance round spot Bitcoin ETF approval earlier than the January 10, 2024 deadline in growing, the Bitcoin (BTC) value shot up as excessive as $44,000. In the meantime, ETF filers proceed to have deliberations with the U.S. Securities and Alternate Fee (SEC).

Additionally Learn: Phantom Pockets Integrates Bitcoin, Ordinals, and BRC-20 Tokens

Matrixport Sees BTC At $50K

Based on Matrixport Analysis, the BTC value is predicted to breach the $50,000 mark in January 2024, if and when the US SEC clears the approval of ETFs. At present, the agency sees a 95% probability of Bitcoin ETF approval in January 2024. Funding supervisor Blackrock had within the latest instances held conferences with the SEC a number of instances, in what may very well be in preparation for the spot ETF approval.

In a contemporary, it’s learnt that Grayscale had a gathering with the US SEC officers on December 19, 2023 across the potential conversion of the Grayscale Bitcoin Belief (GBTC) right into a Bitcoin ETF. The dialogue involved the proposed rule change to checklist and commerce shares of the Grayscale Bitcoin Belief (BTC), memorandum from David Remus of the SEC’s Division of Buying and selling and Markets mentioned. Earlier, CoinGape reported about Blackrock’s frequent conferences with the company officers round itemizing and buying and selling shares of the iShares Bitcoin Belief.

ETF Approval With A Twist?

In the meantime, Charles Gasparino, a Fox Enterprise journalist, mentioned there may be confidence among the many aspiring corporations that the Fee would rule in favor of Bitcoin ETF approval after January 8, 2024. Nonetheless, the approval might come topic to circumstances round stopping cash laundering associated violations. He mentioned,

“In contrast to regular ETF’s you possibly can solely buy shares with money; SEC nervous about ETF’s getting used as a car for cash laundering.”

Analysts imagine that the company has a slender window between January 8 and 10 for determination making in favor of approving the ETF proposals, CoinGape reported. But, it stays to be seen if the company approves filings of a choose few firms initially and comply with up with the remaining corporations. It’s also doubtless that each one the ETF filers may very well be given the identical date from which they will launch the ETFs.

Additionally Learn: Michael Saylor: Spot Bitcoin ETF Nod To Create Demand Shock For BTC

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

Retail CBDCs Are Off To A Slow Start In Asia

The hype is being separated from the truth in the case of retail central financial institution digital currencies (CBDCs)...
- Advertisement -

More Articles Like This