Here Are the Bitcoin ETF Deadlines You Must Know for 2024

The US SEC is expected to make a decision on several spot Bitcoin ETF applications from major firms like BlackRock and Fidelity, with deadlines in early 2024. BlackRock, in particular, is a key contender in the race, bolstered by its successful track record with the SEC and partnership with Coinbase. Approval of a spot Bitcoin ETF, especially from a firm like BlackRock, is anticipated to significantly elevate Bitcoin’s price, potentially reaching up to $100,000.

The possible approval of a spot Bitcoin exchange-traded fund (ETF) in the United States has been a highly intriguing topic lately, with some envisioning that launching such a financial instrument could reshape financial innovation and boost the cryptocurrency market. The lengthy list of giants that have already filed applications with the US Securities and Exchange Commission (SEC) include notable names like BlackRock, Fidelity, Franklin Templeton, Invesco, and many others. The SEC is expected to weigh in on each product by early 2024, with deadlines for approval set throughout the first few months of the year.

BlackRock, the world’s largest asset manager, with a mind-blowing $9.4 trillion AUM, entered the ETF race in mid-June by partnering with the cryptocurrency exchange Coinbase. Even though the SEC is known for its hostile stance toward the digital asset industry, BlackRock has an outstanding record with the watchdog, seeing 575 out of its 576 ETF applications greenlighted over the years. Experts and AI-powered language models have suggested that a potential product approval could act as a massive catalyst for Bitcoin’s price, potentially driving it to an all-time high of $100,000. However, there are also other elements, including institutional demand and the upcoming halving, that could impact Bitcoin’s price.

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