The narrative surrounding the approval of Bitcoin ETF and Ethereum ETF has become a focal point in the crypto community. The speculated deadline of January 10th is believed to be the ultimate date for a decision on the Bitcoin ETF, with lawmakers urging the SEC to progress with the applications. The recent legal setback for the SEC regarding their rejection of Grayscale’s spot Bitcoin ETF application has added urgency to the situation. Members of the House Financial Services Committee argue that withholding approvals from reputable applicants is unwarranted. A recent directive from a D.C. Circuit Court of Appeals judge further emphasized the need for the SEC to reassess its position. The upcoming appearance of SEC Chair Gary Gensler at an oversight hearing adds to the anticipation. Bitcoin and Ethereum ETFs offer a streamlined entry point into the crypto world, and the crypto community is eagerly awaiting the SEC’s next move.
AI Sentiment: Neutral