As 2024 approaches, expectations for the next BTC halving continue to grow, and Crypto investors are becoming more optimistic about market trends.

However, although the BTC halving is the most important event in every bull run, it is not the only major event that investors need to pay attention to. Several other events may also determine the price of BTC, and the market is likely to usher in another record-breaking bull run.

The BTC ETF application submitted by BlackRock, a trillion-dollar asset management company, ignited the entire market.

In the early stages of the application, investors’ enthusiasm drove the market up, but when they calmed down, they found that some new events were coming, which could be decisive moments for digital asset prices.

In a tweet, the co-founder of on-chain derivatives protocol Pear Protocol laid out the timeline for BlackRock’s spot ETF application and the important dates within that timeline.

The first date is June 28, when the iShares filing is scheduled to be published in the Federal Register for comment.

The next important date is August 12, 2023, the first deadline for the SEC to respond to BlackRock’s ETF application.

There are three possibilities: the regulator can approve, reject or extend its decision by 45 days to allow ample time for consideration. The third scenario is likely to occur based on the Commission’s past responses to similar applications.

Next up is September 26, 2023, which will be the next date for the SEC to submit its decision, if it chooses to extend it by 45 days. Again, the regulator has three options, but this time it can choose to extend it by another 90 days.

If the SEC extends it again, the next important date will be December 25, 2023, and there will again be three options: approve, reject or extend.

However, this will be the regulator’s last chance to extend its decision, and only for 60 days.

Assuming the SEC chooses to extend each time, it will make a final decision on February 23, 2024, and will have only two options: reject or approve the ETF.

If the SEC approves the application, it would obviously be positive for the markets and could flip the switch on a bull run.

But if regulators choose to reject it, it could crash the market and cause a drop in the price of BTC and other digital assets.

However, the good news is that the BTC halving is just around the corner and is expected to occur on March 25, 2024.

BTC halving will quickly stop the “market hemorrhage” caused by the SEC’s rejection of the application and fully mobilize the positive sentiment of the market.

The approval of the BlackRock ETF coincides with the BTC halving, and the market may usher in rapid growth and set new highs earlier than expected.

Regardless, investors should keep a close eye on the dates mentioned above as they could impact BTC price action.

But as for BTC itself, it is still performing well amid the slowdown in market momentum.