LATEST: Wall Street Anticipates $100 Billion Surge with Bitcoin ETF Approval

The impending approval of Bitcoin (BTC) exchange-traded funds (ETF) is causing a buzz, potentially transforming the cryptocurrency landscape. The US Securities and Exchange Commission (SEC) is expected to greenlight BTC ETFs by mid-January, opening the door for institutional and retail investors. Financial giants like BlackRock, Fidelity, and Invesco are involved, projecting a $100 billion market. While this marks a pivotal moment, caution lingers due to recent FTX issues. Some see ETFs as crypto’s normalization, offering transparency and liquidity. The future promises substantial inflows and reshaping, but the full impact may unfold gradually.

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