Bitcoin spot prices continue to whipsaw on shifting expectations about if and when an ETF will get the go-ahead from US securities regulators.

The ongoing will-they-launch parlor game has analysts speculating about what might happen to the product’s predecessor: the bitcoin futures ETF. 

The US Securities and Exchange Commission approved ETFs that track bitcoin futures markets in October 2021. Those approvals were a watershed moment for bitcoin and crypto, giving individual investors and advisors access to bitcoin exposure in their traditional brokerage and retirement accounts for the first time. 

Now, with a spot product looming — and potentially several — some expect some…

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