- News and analysis
- Bitcoin is Waiting for SEC Approval of ARK Invest Spot ETF
Bitcoin is Waiting for SEC Approval of ARK Invest Spot ETF
The volatility for Bitcoin is seen sharply down, as its prices were captured in a very narrow trading range of $28,500-31,500. Bitcoin is waiting for the news regarding U.S. SEC approval of the Bitcoin ETFs that were filed by BlackRock and other large financial firms. By the end of the weekend SEC has to decide whether it will grant the approval for Ark Invest to launch its spot ETF on Bitcoin. Sec may postpone its decision, and this is consider a likely event. The approval or rejection of ARK Invest filing may send Bitcoin prices towards the resistance at $35,000, or in case of a denial push them down to the support at $25,000 per coin.
The comments, insights, and reviews posted in this section are solely the opinions and perspectives of authors and do not represent the views or endorsements of RHC Investments or its administrators, except if explicitly indicated. RHC Investments provides a platform for users to share their thoughts on financial market news, investing strategies, and related topics. However, we do not guarantee the accuracy, completeness, or reliability of any user-generated content.
Investment Risks and Advice:
Please be aware that all investment decisions involve risks, and the information shared on metadoro.com should not be considered as financial advice. Always conduct thorough research, seek professional advice, and exercise caution when making investment decisions.
Moderation and Monitoring:
While we strive to maintain a respectful and informative environment, we cannot endorse or verify the accuracy of all user-generated content. We reserve the right to moderate, edit, or remove any comments or posts that violate our community guidelines, infringe on intellectual property rights, or contain harmful content.
By submitting content to metadoro.com, users grant RHC Investments a non-exclusive, royalty-free license to use, display, and distribute the content. Users are responsible for ensuring they have the necessary rights to share the content they post.
To maintain a positive and respectful community, users are expected to adhere to the community guidelines of Metadoro. Any content that is misleading, offensive, or violates applicable laws and regulations will be subject to moderation or removal.
Changes to Disclaimer:
We reserve the right to update, modify, or amend this disclaimer at any time. Users are encouraged to review this disclaimer periodically to stay informed about any changes.