The post Crypto Market Outlook : Bold Predictions for Bitcoin ETFs & Impact appeared first on Coinpedia Fintech News
Cryptocurrency analyst Scott Melker recently shared insights on the potential approval of a Bitcoin exchange-traded fund (ETF) and its broader implications during a discussion on The Paul Barron Network. Melker highlighted the positive shifts in the dialogue between cryptocurrency stakeholders and the U.S. Securities and Exchange Commission (SEC), contrasting it with previous delays and rejections.
The Significance of Recent ETF Filings
In his analysis, Melker pointed out the significance of recent ETF filings and the increased attention and engagement from the SEC. Referencing conversations with analysts Eric Balchunas and James Seyfart, Melker noted their prediction of a 90% chance of Bitcoin ETF approval by January 10th, expecting multiple approvals to occur simultaneously.
Melker also delved into the anticipated marketing competition among the approved ETFs, spec
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