Bitcoin ETF Approval Odds Rise with BlackRock Involvement and Court Ruling
• SEC has rejected all spot Bitcoin ETF applications so far, but two factors make current batch different involvement of BlackRock and court ruling requiring SEC to revisit previous rejection • Approval of spot Bitcoin ETF would allow institutional investors an easy, regulated way to get Bitcoin exposure, potentially sparking huge demand • Analysts say spot Bitcoin ETF approval, coupled with 2024 halving event, could ignite new crypto bull market • Recent court decision states SEC can't allow Bitcoin futures ETFs but argue against spot Bitcoin ETFs • Analyst estimates 90% chance of spot Bitcoin ETF approval by early January 2023