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Jan 4, 2024
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Comments Off on Bitcoin Rebounds Above $44K as Spot BTC ETF Approval Looks Increasingly Likely

Bitcoin Rebounds Above $44K as Spot BTC ETF Approval Looks Increasingly Likely

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BTC recovered almost all losses from Wednesday’s flash crash amid reports that a spot ETF approval could be imminent. A survey showed only 39% of financial advisors expected an bitcoin ETF approval this year but 88% would be interested in buying BTC after approval. Investors could switch focus to ether once the bitcoin ETF approved

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BTC recovered almost all losses from Wednesday’s flash crash amid reports that a spot ETF approval could be imminent.

A survey showed only 39% of financial advisors expected an bitcoin ETF approval this year but 88% would be interested in buying BTC after approval.

Investors could switch focus to ether once the bitcoin ETF approved, Matrixport’s Marcus Thielen said.

Bitcoin (BTC) Thursday rebounded to $44,500 as investors shrugged off yesterday’s flash crash and remained optimistic a U.S. spot BTC exchange-traded fund (ETF) approval is around the corner.

While a Wednesday Matrixport report warning about a potential rejection may have helped trigger a quick src0% tumble in bitcoin, the majority of observers continue to expect the U.

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