The crypto market is currently abuzz with developments surrounding Bitcoin ETFs, a saga reaching a crucial ‘pattern break’ stage. The influx of amendments to Bitcoin ETF proposals by various fund issuers signals a growing optimism for approval. The US Securities and Exchange Commission, historically resistant to allowing spot Bitcoin ETFs, is witnessing a shift in its interaction with fund groups. This change is evident in the recent amendments, including those from 21Shares and Ark Invest, which re-filed their proposal for a Bitcoin ETF. These updates, providing more clarity on the proposed products, are considered positive signs of potential market evolution. The amendments even detail a sponsor fee of 0.80%, hinting at the costs for investors. With the largest crypto ETF in the US, the ProShares Bitcoin Strategy ETF (BITO), showing net inflows of $207 million in November, the stage seems set for heightened interest in spot Bitcoin funds, spurred by advancements in underlying technol
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