The article discusses the recent delay in the Securities and Exchange Commission’s (SEC) decision on approving a spot Bitcoin exchange-traded fund (ETF) for BlackRock, Invesco, and Bitwise. The delay is attributed to the possibility of a government shutdown in the US, which would disrupt the operations of financial regulatory bodies. The article suggests that there is a high likelihood of the Bitcoin ETF being approved by the end of 2024. Despite speculations, the final decision rests with the SEC, but the pressure to approve is growing due to accusations of being anti-crypto. Overall, crypto analysts remain optimistic about the eventual approval of the Bitcoin ETF.
AI Sentiment: Positive
