The long-awaited spot Bitcoin (CRYPTO: BTC) ETF launch is just around the corner, throwing the cryptocurrency market into a fever pitch of anticipation and strategic planning.
According to digital asset trading firm QCP Capital, the moment of truth could arrive as early as the market closes on Jan. 5, 2024, or between Jan. 8 and 10.
Cash Only: The Final Hurdle Cleared
The final point of contention, the SEC's insistence on "cash only" versus "in-kind" delivery for the underlying Bitcoin in the ETFs, has finally been resolved.
With practically all ETF providers acquiescing to the SEC's demand, the path is clear for launch.
Potential "Sell The News" Scenario
However, QCP warns against overly optimistic expectations right out of the gate.
Its analysis suggests that initial demand for the ...