🚨BIG NEWS🚨
The SEC IS going to approve #BitcoinETF by Nov 17😱
Here’s Why👇🧵
🚨Prospects for Bitcoin ETFs🚨
➡️ According to Bloomberg ETF analysts James Seyffart and Eric Balchunas,
➡️ There’s an eight day window between Nov. 9 and Nov. 17 where all 12 spot Bitcoin ETF filings could be approved by the SEC
🚨LIST OF COMPANNIES APPLIED
👉#BlackRock ~ $9 Trillion
👉#Fidelity ~ $4.5 Trillion
👉#Invesco ~$1.5 Trillion
👉WISDOMTREE~ $94 Billion
👉#Vanck ~ $78 Billion
👉#GLOBAL ~ $45 Billion
👉#PARKINVEST ~$14 Billion
👉#VALKYRIE bitwise ~$51 Billion
👉#Biteise ~ $1 Billion
🚨SEC's Deadline Extension🚨
➡️The SEC extended the deadline for several pending spot Bitcoin ETF filings, setting Nov. 8 as the last day for comments.
➡️ This brief window of opportunity means a potential green light.
🚨Analysts' Forecasts and Investor Hype🚨
➡️ Delays were recently issued for BlackRock, Bitwise, VanEck, and others simultaneously, adding an extra layer of suspense.
➡️ However, the analysts foresee a 90% chance of approval before Jan. 10 next year.
🚨BlackRock's Potential Impact🚨
➡️ Investors are particularly hyped About the possibility of BlackRock's approval, it could bring $200 billion to bitcoin and send the BTC price to $330,000.
➡️ The imminent decisions could mark a significant turning point for #Bitcoin and the broader digital asset landscape.
Due to this News, the price of Bitcoin went from $35,000 to $36,863✅
➡️ With the potential for nine out of the twelve applications to receive a decision before Jan. 10, there's a palpable sense of anticipation within the crypto community