Matrixport Predicts SEC will Approve Multiple Spot Bitcoin ETFs
Lately, there has been growing interest in Bitcoin exchange-traded funds (ETFs). Several large asset management companies, including BlackRock and Fidelity, have recently filed applications for Bitcoin ETF s. Furthermore, Grayscale, a significant participant in the cryptocurrency investment sector, has advocated for the Securities and Exchange Commission (SEC) to review and potentially approve all the proposed spot Bitcoin ETF s concurrently. However, it remained uncertain as to when and whether these ETFs would be approved. According to one of the recent reports by Matrixport , a crypto service provider, the US SEC is most likely to approve several Bitcoin ETF s. Also read: Microsoft Collaborates With Aptos to Explore Digital Payments and CBDCs Source: Forbes Matrixport says it could trigger a Bitcoin rally The Matrixport report stated that the simultaneous approval of these ETFs by the SEC could trigger a BTC rally. According to Markus Thielen, head of resear...