SEC Bitcoin ETF Decision Could Lead to $155B Market Surge
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Bitcoin price could surge to $50k-$73k if SEC approves bitcoin spot ETFs, adding up to $155B to market.
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Fund inflows from spot ETFs could dwarf previous GBTC inflows, which added just $5.5B during last bull run.
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Franklin Templeton, BlackRock, Fidelity among big financial firms seeking bitcoin spot ETF approval from SEC.
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SEC declining to appeal Grayscale ETF case seen as positive sign for eventual approval.
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First SEC deadline to approve/deny a bitcoin spot ETF is January 10, 2024 for ARK 21Shares filing.
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