What to Watch For By U.Today

From Investing.com:

The cryptocurrency market awaits a significant SEC decision next week on the country’s first spot ETF. Large holders, or whales, are making major moves for Bitcoin, Ethereum, and Dogecoin. There have been several massive transfers of these cryptocurrencies over the last 24 hours, including record-breaking transactions involving significant amounts of Ethereum and BTC. Speculations about earlier approval of a Bitcoin ETF are running high on social media, fueled by a tweet from Grayscale’s Chief Legal Officer. However, according to Bloomberg ETF analyst James Seyffart, official Bitcoin ETF approval is still expected between January 8 and 10. 14 issuers, including BlackRock, Valkyrie, ARK Invest/21 Shares, Bitwise, and Fidelity, are bidding for a spot Bitcoin ETF.



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