'Rumor Mill' Speeds Up to Approval of Spot Bitcoin ETF Tomorrow
Speculation that the SEC will approve a Bitcoin (BTC) exchange-traded fund (ETF)
Friday has reached a peak in the
social networks.
A tweet from Grayscale's legal chief saying he was "just filling out some forms", plus a widely shared tweet from a journalist, has fueled speculation that approval could come the next day.
However, several analysts still expect possible approvals to occur next week.
In a Jan. 4 post on X (formerly Twitter), TechCrunch reporter Jacquelyn Melinek cited sources
"extremely close to the issue" to suggest that multiple ETFs would be approved and that "expect something tomorrow"
I've heard from sources very close to the matter that the Bitcoin spot ETF will be approved by the SEC for *multiple* company applications.
— Jacquelyn Melinek (@jacqmelinek) January 4, 2024
Others have shown special interest in a tweet
cryptic message from Grayscale's chief legal officer
states that he was "simply completing
some forms", which has obtained 1.9
million views and 6,700 likes since
Was published.
Meanwhile, the hashtag #BTCETF and the term "Bitcoin ETFs" are currently trending on Twitter and the price of Bitcoin has also been rising since its sharp drop on January 3, up 3.4% in the last 24 hours, according to TradingView data.
