Bitcoin ETF – SEC Verdict this Tuesday

Rumor has it that the SEC is preparing to validate BlackRock’s Bitcoin ETF (IShares). Verdict today.

Bitcoin ETF: Verdict tomorrow

The Bitcoin ETF is back in the spotlight following the District of Columbia Court of Appeals’ verdict in the Grayscale case. The court found that it was unjustified for the SEC to reject Grayscale’s application to create a spot ETF (exchange-traded fund) backed by bitcoin.

ETF expectations rose further when the SEC announced late last week that it would not appeal. According to Bloomberg Intelligence, the probability that an ETF will be approved before the end of January is now 90%.

Cointelegraph reported yesterday that BlackRock will have the scoop before retracting its tweet less than an hour after its publication. Either way, we’ll find out today. Other ETFs are also on the trail.

Here are the deadlines for the SEC which will also have to respond this Tuesday to requests for Bitcoin ETFs from Vaneck, Wisdomtree, Invesco and Wise Origin:

Ishares Trust: October 17
Vaneck Trust: October 17
Wisdomtree Trust: October 17
Invesco Galaxy Trust: October 17
Wise Origin Trust: October 17
Valkyrie Fund: October 19
Ark21Shares ETF: November 11
Global X Trust: November 21

If we add the two giants Fidelity and BlackRock, these investment funds directly manage nearly 17,000 billion dollars. Even 30,000 billion if we add the funds managed by Aladdin (BlackRock).

The value of bitcoin could therefore increase by 300% if only 5% of all this money were to come back to it.

With the halving planned for April/May 2024 and the arrival of Bitcoin ETFs, it is clear that a bull run is in the making. Hold…

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