BlackRock’s Bitcoin ETF Awaits Green Light: Approval Anticipated This Wednesday
The long-awaited approval for a spot Bitcoin exchange-traded fund (ETF) may finally come this Wednesday.
BlackRock, the world’s largest asset manager and one of the contenders seeking to launch a spot bitcoin ETF, is reportedly expecting its application to be approved, according to a report from Fox Business.
The approval of spot Bitcoin ETFs has been highly anticipated by cryptocurrency enthusiasts, who believe that these funds could attract billions of dollars in fresh investments into the cryptocurrency market.
Among the most optimistic voices on social media, X (formerly Twitter) users have been actively encouraging market participants not to seek reasons to sell but rather to seize the opportunity and “buy the dip”
The Crypto Fear and Greed Index, as reported by Alternative.me, remains in the “greed” territory despite the recent price drop, reflecting continued optimism among traders regarding the market’s upward trend