Anticipated Bitcoin ETF Approval Could Trigger Next Bull Run

The Bitcoin (BTC) ETF application news that catapulted the leading cryptocurrency above $30,000 again seems to struggle to keep the industry buoyant. Despite the influx of other institutions following BlackRock’s BTC ETF cascade, the news appears to lose its impact. Now, the entire market has focused on whether these will be approved and has begun to wait. An insider, however, made a very promising statement about BTC ETFs. Hope for BTC ETF Approval Jeremy Allaire, the CEO of Circle, the company behind the second-largest stablecoin by total market value, USDC, made a critical statement. Allaire pointed out that financial regulators’ past concerns have been addressed, and there are no longer reasons to reject BTC ETFs. Allaire expects the ETFs to be approved in this context. I think there are developments towards a more mature market structure to support such a thing (BTC ETF). We have mature spot markets, a well-regulated […] The post Anticipated Bitcoin ETF Approval Could Trigger Next Bull Run appeared first on COINTURK NEWS.