Amid ongoing discussions about the potential approval of a Bitcoin (BTC) spot ETF throughout the year, the U.S. SEC has consistently refrained from providing the anticipated approval, contrary to the hopes of many market participants.
James Butterfill, the Head of Research at CoinShares, has addressed this development in a report. According to Butterfill's findings, in the event of the SEC granting approval, the Bitcoin price could potentially surge to $141,000. This suggests that the approval of a Bitcoin spot ETF is seen by some analysts as a potentially significant catalyst for a substantial increase in the cryptocurrency's value. KEEP READING