The post Crypto News: Spot Bitcoin ETF Approval Could Ignite the Next Bull Market appeared first on Coinpedia Fintech News
The next pivotal moment in the cryptocurrency’s history will be the approval of a Spot Bitcoin ETF. But why is this such a big deal? Basically, an ETF is a type of investment that comes with special tax breaks and you can also borrow money against it. This is really attractive for big investors like pension funds, and if they jump in, the Bitcoin market could get a huge money boost. However, the SEC has postponed the decision on 6 spot BTC ETF applications, including one from BlackRock to 17 Oct!
Most people don’t realize the significance of a Spot #Bitcoin ETF
Here is why:
A Bitcoin Spot ETF could drive Bitcoin’s price to $100k and beyond, and here’s why:
It’s essential to understand that an ETF provides numerous tax benefits and the option to borrow against it. As a… pic.twitter.com/5Cm5xJ17XR
— Crypto Rover (@rovercrc) September 1, 2023
But why is the SE
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