Bitcoin Jumps on Speculation that BlackRock ETF Approval is Imminent

Bitcoin has surged nearly 15% since Monday amid speculation that BlackRock’s proposed ETF could be nearing approval.

The rally comes after BlackRock's proposed bitcoin ETF appeared on an eligibility list controlled by the DTCC.

If approved, it would be the first crypto-based spot ETF tradable on the stock market.

A court ruled the SEC was wrong to deny Grayscale's spot bitcoin ETF application.

The SEC reportedly doesn't plan to appeal the decision, boosting prospects for approval.