Matrixport: It is expected that the Bitcoin spot ETF will be approved in January next year, and Bitcoin may rise to over $50,000 by the end of January next year

ChainCatcher news, according to the latest report from Matrixport, it is expected that the U.S. SEC will approve the Bitcoin spot ETF in January next year, and Bitcoin may rise to over $50,000 by the end of January. This echoes historical events such as the launch of Bitcoin futures by the Chicago Mercantile Exchange (CME Group) in 2017.

Recent events, including ETF applicants increasing television commercials during the Christmas period, indicate that the market is about to explode. If the approval goes as expected, there is optimism that the Bitcoin price will reach $50,000.