The post First Bitcoin ETF Will Be Approved in 60-70 Days – Predicts Crypto Analyst appeared first on Coinpedia Fintech News
SEC approval of a Bitcoin spot ETF is crucial for the crypto industry. This would simplify Bitcoin access for established investors, potentially increasing adoption and mainstream cryptocurrency accessibility. Due to institutional adoption, many investors expect Bitcoin to reach a new All-Time High (ATH) in the next bull cycle.
A recent report from Santiment, a blockchain data tracker, reveals a notable surge in a specific class of Bitcoin investors. There are now 157,400 wallets holding at least 10 BTC, surpassing the previous high set in 2019, marking an 8.12% increase over the past 20 months. This growth signals a rise in larger-scale Bitcoin ownership since early 2022.
Bitcoin fell 3.7% last week, battling to reach $28,000—the first drop in October to $26,500. SEC’s decision not to appeal Grayscale gave relief, but Bitcoin’s price hasn’t risen. St
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