Bitcoin ETF Approvals Could Drive Mainstream Adoption, But SEC Path Remains Uncertain
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The crypto world is betting that the SEC will approve 14 spot bitcoin ETF applications, allowing mainstream investors to easily access bitcoin.
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Approval could expand bitcoin's mainstream acceptance and help the crypto industry move past the 2022 collapse.
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The SEC has denied over 30 similar applications since 2013 but there are signs they may now approve them, sparked by interest from major firms like BlackRock.
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Bitcoin prices surged in anticipation of approvals but dropped 10% when one analyst predicted the SEC would reject or delay them.
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Approvals could send bitcoin on another wild price ride, as previous crypto product launches have done, with winners being the ETFs that raise the most assets quickly.