Bloomberg: SEC's fake news on Bitcoin spot ETF approval not expected to change anything

This morning, the official The news caused the price of Bitcoin to surge to $48,000 before quickly falling.

In addition to the heavy losses suffered by investors due to the violent fluctuations in currency prices, some in the community are also beginning to worry about whether the SEC will delay the original review of the Bitcoin spot ETF due to this attack?

Bloomberg ETF Analyst Still Optimistic About Tomorrow’s Approval

Bloomberg ETF analyst James Seyffart believes that the false SEC tweet will not have any impact on the approval of the Bitcoin spot ETF. He still expects the ETF to be approved tomorrow (ET) and trading could begin on Thursday.

Bloomberg analyst Eric Balchunas said in his X post that he heard that the SEC would announce the approval of spot ETFs at 4 pm on Wednesday. According to Beijing time, this will be around 5 a.m. Thursday morning.

Of course, the final decision remains in the hands of the SEC. We would like to remind investors that the cryptocurrency market is likely to experience violent fluctuations in the near future, and investors are advised to be cautious.

Valkyrie Co-Founder: 95% Confidence Bitcoin Spot ETF Approved This Week

Just a few hours ago, Steven Mc Clurg, co-founder of crypto asset management company Valkyrie, was interviewed Shi said that his confidence in the Bitcoin spot ETF being approved this week is very high, reaching 95%. In addition, Steven also predicts:

There will be $10 billion flowing into Bitcoin ETFs by the end of this year

The crypto futures ETF may die in the future

The value of Bitcoin by the end of 2024 Will hit $150,000 as ETF clearance could drive up demand

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