Bitcoin Price Prediction: Surge to $43,103, ETF Talks Fuel Optimism
Bitcoin (BTC) witnessed a notable increase of over 5% , reaching $43,100 on Tuesday, amidst pivotal developments in the cryptocurrency landscape.
The spotlight turned to the discussions of Spot Bitcoin ETFs at a meeting between the SEC and BlackRock, highlighting the growing interest in mainstream financial circles.
Adding to the buzz, Bitwise launched a creative publicity campaign for crypto ETFs, featuring “The Most Interesting Man in the World.”
Moreover, the CEO of VanEck optimistically predicts the SEC’s approval of multiple Spot Bitcoin ETFs in a single day, signaling a potentially significant shift in the regulatory and investment framework for Bitcoin.
The discussion between BlackRock Inc. and the Securities and Exchange Commission (SEC) over a spot Bitcoin exchange-traded fund (ETF) has progressed, with BlackRock filing its third amendment to the proposed ETF. In addition, Grayscale Investments engaged in talks with the SEC’s trading and markets division regarding their own ETF application.
The SEC released a memo detailing its staff’s conversations with Nasdaq Stock Market and BlackRock representatives about the iShares Bitcoin Trust. BlackRock proposed two models for the ETF, considering both in-kind and in-cash redemptions.
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