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.
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