“Bitcoin has also been encouraged by possible ETF approval and an increasing number of ETF submissions by leading companies,” shared Lucy Hu, senior trader at Metalpha, in a message early Friday. “The SEC opted for a no-appeal on Grayscale’s ruling, and as the deadline for BTC spot ETF applications from institutions such as Blackrock looms closer, the market’s confidence in ETF approval has increased.”
Source: https://www.coindesk.com/markets/2023/10/20/bitcoin-inches-closer-to-30k-as-etf-hope-drives-bulls/?utm_medium=referral&utm_source=rss&utm_campaign=headlines