Recent reports indicate that the U.S. SEC had a meeting with Fidelity about its spot Bitcoin ETF, focusing on aspects like in-kind creation and redemption. This news follows a series of updates on the subject, now accompanied by engaging charts and images that have sparked a wave of euphoria in the sector.
https://twitter.com/realpristinecap/status/1733259338125357500?t=FTqo7c0o0R1e831uyz_Phg&s=19
The debate over Bitcoin ETFs has been long and filled with speculation. Many believe that if these instruments had bullish potential, they would have been approved long ago. Recent statements by Gary Gensler, chairman of the SEC, highlight significant differences in opinions, fueling further discussions and predictions about an imminent parabolic super cycle move for #BTC, with other cryptocurrencies poised to follow.
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