The first week of 2024 brought a mixed bag of news for the cryptocurrency sector. The possibility of a Bitcoin (CRYPTO: BTC) ETF approval by the U.S. Securities and Exchange Commission (SEC) is still in limbo while “Dogecoin killer” Shiba Inu (CRYPTO: SHIB) sees a surge in its burn rate. Let’s delve into the top stories that made headlines in the crypto world.
Bitcoin ETF Approval: A Mixed Bag of Expectations – A recent Bitwise and VettaFi survey reveals that only 39% of financial advisors are confident about the SEC’s approval of a spot Bitcoin ETF in 2024. Several financial firms such as BlackRock, Inc. (NYSE:BLK), VanEck, and Valkyrie Investments eagerly await the SEC’s decision on their spot ETF applications for Bitcoin, scheduled for January 10. Read the full article here.
Peter Schiff’s Warning for Bitcoin ETF Approval Expectants – Economist Peter Schiff’s latest warning suggests a potential market disappointment for those waiting for a Bitcoin ETF approval rally. Schiff believes this event won’t ...