SEC Spot Bitcoin ETF Approval Decision Looms by January 3, Potentially Catalyzing Further Price Gains
• SEC could decide on Spot Bitcoin ETF approval by Jan 3, notifying issuers as early as Tuesday or Wednesday according to Reuters sources • ETF issuers meeting end-of-year deadline for filing revisions to prepare for probable Jan 10 launch • Bloomberg analysts see 90% chance of ETF approval by Jan 10 deadline • Bitcoin price holding above $42,000 on Sunday despite some bearish on-chain metrics • ETF approval could act as catalyst for further Bitcoin price gains ahead of 2024 halving