Rumors are circulating heavily on social media that the SEC might greenlight a Bitcoin ETF by Friday.
A notable comment from the legal head of Grayscale mentioning he was “just filling out some forms,” combined with a tweet from a journalist that went viral and gained significant attention, amassing 1.9 million views and 6,700 likes so far, has intensified these speculations about an imminent approval.
Yet, some market experts are still leaning towards the possibility of approvals being announced in the coming week.
TechCrunch journalist Jacquelyn Melinek, in a post dated January 4 on Twitter, referenced insiders “extremely close to the matter,” hinting that multiple ETFs might get the nod and hinting at potential news for the next day.
Meanwhile, the Twitter hashtag #BTCETF is surging in popularity, along with the term “Bitcoin ETFs” and Bitcoin’s value has been consistently rising since its significant decline on January 3, with TradingView data indicating a 3.4% growth in the last 24 hours.
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