Yello Paradisers! Anthony Scaramucci, the former White House Communications Director turned millionaire, has the crypto world buzzing with a vague yet intriguing message: “This is over.” While he didn’t specify the context, the timing of his statement has led many to speculate that he might be hinting at the long-awaited approval of Bitcoin Spot ETFs.
Bloomberg Analyst Weighs In
Eric Balchunas, a renowned Bloomberg analyst specializing in cryptocurrencies and ETFs, offered clarity amidst the growing speculation. He stated that although we’re closer than ever to a potential approval, there’s still no official confirmation from the SEC. According to Balchunas, the SEC is currently finalizing its comments, after which the applicants will submit their final forms for consideration.
Key Dates Ahead
The crypto community is now keenly eyeing this Friday, a date highlighted by FOX Business reporter Eleanor Terrett, as a potential milestone for developments. If no progress is made by then, the next critical deadline is set for the following Wednesday, where the SEC is expected to make a decision.
Market Impact
This development has sent waves of anticipation through the cryptocurrency market, with investors and enthusiasts closely monitoring any official announcements from the SEC. The approval of Bitcoin Spot ETFs could be a game-changer, potentially unlocking new avenues for mainstream adoption and investment in Bitcoin.
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