A new year begins that could change everything with the arrival of the halving that could usher in one of the biggest bullruns in history for bitcoin. We also have on the horizon the arrival of ETFs that could arrive this week and mark a before and after. an after for bitcoin allowing adoption and the arrival of new investors to scale to levels never seen before.
These two factors have caused the price of bitcoin to explode again at the beginning of the year with a rise of more than 6% and exceeding $45,000 for the first time since April 2022, although yesterday a strong correction took place where Bitcoin fell 10% thanks to news of a report by matrixport which alleges that this No bitcoin ETF will be approved this month because it does not meet some requirements.
Despite the matrixport report, it is not ruled out that ETFs could be approved this week, the date of the possible approval of the first ETF in the history of the United States is getting closer and closer and tension and rumors have begun to spread trying to get ahead to see what day Gary Gensler could approve the ETF and everyone agrees on one thing, the real possibility that Don't surprise her this week and move forward with your decision.
But first of all I want to put everything in context and analyze some of the most important predictions, first of all and as I have already explained on a couple of occasions, the deadline we are currently facing is January 10, the date on which that the ARK Invest application deadline is met, a key moment that is totally different from the previous deadlines that we have seen.
For a few months ago the SEC was postponing the request after another request but why is it different this time, this is thanks to GrayScale and is that as you remember a few weeks ago the SEC was defeated in court by GrayScale after not appealing the decision to convert his bitcoin trust fund into a bitcoin spot etf one of the biggest court victories for bitcoin.
This has caused, among other things, that the SEC has the obligation to make a decision on the approval or non-approval of the ETF, meaning that it cannot postpone it any longer and taking into account how in recent days it has met in more than six occasions with Black Rock and with the rest of the applicants and for the first time he has shown himself open to trying it.
All applications have also been updated to the SEC's exclusive pending ones, so the most likely thing today is that on the 10th or earlier some of these ETFs may be approved. Starting with the closest predictions in time we have routers who three days ago threw himself fully into the pool indicating that the sec would test the etf this week and according to a report that routers had revealed, it indicated that this same Tuesday or Wednesday the applicants for the etfs would be informed about whether they were approved or not. of the same.
With the aim of leaving some margin so that next week the ETFs can be launched without any problem, a fairly aggressive prediction that could undoubtedly catch the market a little by surprise, advancing the decision more than necessary and avoiding so much speculation. around the launch of the ETF.
In second place we have the forecast from Bloomberg, another of the Giants of financial news, whose analyst James Seyffart specialized in ETFs has also spoken about the possible approval, indicating that the window for the approval of the first bitcoin spot ETF opens next Friday, January 5 and will last until January 10, a period of 5 days in which, as James has pointed out, not only one approval is expected but it is most likely that the SEC will approve all the applications at the same time to avoid having funds that may have more advantages over others.
It would also leave three possible days for the ETF to be approved this week and finally we have the third prediction from Black Rock that according to sources internal to the investment fund, the SEC will take a little more time to review the paperwork and updates presented for applicants. And since many of these updates were presented on the same day, November 29, the approval window for the ETF may not open until the end of this week.
But you know how the saying goes when the river sounds water carries and I don't think it's any coincidence nor that all these financial giants are agreeing to give such similar dates for approval so we'll see if according to these three predictions instead of wait for the deadline to be met Next Wednesday, December 10, the SEC goes ahead and leaves us an ETF as a gift from the Three Wise Men.
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