Rumors are swirling that the long-awaited approval of a spot Bitcoin exchange-traded fund (ETF) in the US could finally arrive as soon as tomorrow.
If true, this regulatory green light could have a massive effect on Bitcoin’s price, with some analysts predicting a surge to new all-time highs.
But beyond Bitcoin itself, some BTC-related tokens could also soar higher thanks to the wave of investor inflows that a spot crypto ETF could unlock.
Bitcoin ETF Frenzy Ramps Up as Approval Rumors Emerge
Anticipation for the SEC to approve a spot Bitcoin ETF has reached fever pitch, with speculation that one of these funds could be given the nod within 24 hours.
Fueling the rumors, Grayscale’s chief legal officer tweeted cryptically about “filling out some forms,” while a TechCrunch reporter cited insider sources expecting ETF approvals imminently.
The hashtag #BTCETF trended wildly on social media platforms, with the Bitcoin price surging almost 5% due to the buzz.
However, some analyst
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