ETF expectations are rapidly driving up Bitcoin (BTC) prices: what is the next step?

Bitcoin(BTC) rebounded after consolidating around the $35000 level for a period of time, pushing its price to $36900.Last month, the SEC issued a delay order for applications from giants such as BlackRock, VanEck, Bitwise, WisdomTree, Fidelity, Invesco, and Valkyrie

  • Bitcoin(BTC) rebounded after consolidating around the $35000 level for a period of time, pushing its price to $36900.
  • Last month, the SEC issued a delay order for applications from giants such as BlackRock, VanEck, Bitwise, WisdomTree, Fidelity, Invesco, and Valkyrie.
  • Bitcoin ETF Bitcoin

ETF Bitcoin

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Bitcoin35,00036,900ETFJames Seyffart

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It is worth noting that financial lawyer Scott Johnson, who participated in the discussion, mentioned that "if approval is obtained this week, it will take at least one month (possibly several months) before the ETF is actually launched. S-1 is still under review, and there is actually no strict deadline for this process." This indicates that although 19b-4 approval is only the first step, the second step - approval from the company's finance department - still needs to be completed. There is currently no indication that the second step has been completed. This means that there may be a significant time gap between the approval and actual launch of ETFs, which may last for weeks or even months.

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The BTC price may reach $40000

BitcoinSantimentBitcoin37%72

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