Financial research firm Bernstein anticipates significant rally on cryptocurrency market, led chiefly by Bitcoin
Last week, the flagship cryptocurrency briefly shot up over 7% following the favorable ruling for Grayscale. However, the gains were short-lived, and the crypto king retreated to below $26,000.on the ETF race, stating that there is a"greater than 50% chance" that the SEC will approve a spot Bitcoin ETF this year.
This comes after the SEC delayed decisions on ETF applications from prominent firms such as Blackrock, Valkyrie, WisdomTree and Invesco. With deadlines for these decisions looming on Oct. 16 and 17, industry watchers are keenly awaiting the SEC's next moves.
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