Posted 12/14/2023, 2:48:26 AM
Bitwise Joins Fidelity in DTCC Bitcoin ETF Preparations As Analysts Predict SEC Approval Within Months
- Bitwise Asset Management has listed its spot Bitcoin ETF (BITB) on the DTCC, joining Fidelity which listed its spot BTC ETF last week
- Bitwise CIO Matt Hougan said the team is preparing for a potential launch, meeting with regulators, and preparing marketing and sales strategies
- Bloomberg analysts predict a 90% chance the SEC approves a spot BTC ETF by January 10th
- Bitwise analyst Ryan Rasmussen predicted Bitcoin will hit $80,000 in 2024 and the spot BTC ETF will be the most successful ETF launch ever
- Bitcoin's next halving cycle in April 2023 combined with potential ETF approval could propel crypto into another bull run