Matrixport Predicts SEC Approval of Multiple Spot Bitcoin ETFs: Will BTC Rally?

In a recent report, crypto services provider Matrixport predicts that the U.S. Securities and Exchange Commission (SEC) may approve several spot bitcoin exchange-traded funds in the coming weeks, potentially boosting BTC prices. Matrixport predicts a possible wave of SEC-approved spot bitcoin ETFs in the coming weeks, potentially boosting BTC prices. Here's what you need to know:

Potential BTC Rally Fueled by ETF Approval

The Matrixport report stated that the simultaneous approval of these ETFs by the SEC could trigger a BTC rally. According to Markus Thielen, head of research, ETF approval represents a significant milestone for the cryptocurrency market.

SEC’s Bitcoin ETF Decision Irrelevant?

Importantly, Matrixport emphasizes that even if the SEC maintains its disapproval of Bitcoin Spot ETFs in January 2025, higher prices are still possible. They base this on other market factors and anticipated positive developments within the crypto space.

Matrix on Target? Contrasting View on January 2025 Decision

While anticipating potential approval, Matrix on Target predicts Bitcoin Spot ETF rejection by SEC in January 2025, warns of cascading liquidations and possible -20% price decline. This contrasting view highlights the uncertainty surrounding the SEC's future decisions and potential market volatility. Several spot bitcoin ETFs.