Bitcoin Breaks $45,000 Mark! ETF on the Verge of Approval, Fox Journalist Throws Cold Water: Difficulty Ahead for the Next Two Days

Bitcoin Breaks $45,000 Mark! ETF on the Verge of Approval, Fox Journalist Throws Cold Water: Difficulty Ahead for the Next Two Days

Bitcoin Breaks $45,000 Mark! ETF on the Verge of Approval, Fox Journalist Throws Cold Water: Difficulty Ahead for the Next Two Days

Reuters reported earlier that the Bitcoin spot ETF is expected to notify 14 Bitcoin spot ETF issuers on Tuesday or Wednesday, whether their applications will be approved. As the prophesied day approaches, Bitcoin has rebounded rapidly in the past 12 hours, surpassing the $45,000 level and reaching its highest level in the past 20 months.

According to Coinglass data, in the past 24 hours, a total of 56,109 people have been liquidated, with a total liquidation amount of $164 million, and the largest single liquidation occurred in the BTCUSDT trading pair on Binance, with a value of approximately $10.16 million.

However, just as the market is optimistic about the approval of the Bitcoin spot ETF, Fox Business reporter Eleanor Terrett poured cold water on the market, stating that she does not believe that the Bitcoin spot ETF will actually be approved in the next two days.

Eleanor Terrett pointed out that based on the information she obtained through communication with ETF issuers, after the SEC received the S-1 documents submitted on Thursday/Friday, they still need to review the changes made by each issuer and provide comments on them, which takes a considerable amount of time. In addition, SEC staff have been on vacation since last Friday, so the expected approval on Tuesday or Wednesday may be too tight in terms of timing.

However, it should be emphasized that although Eleanor Terrett believes that the Bitcoin spot ETF may not be approved on the expected Tuesday or Wednesday, she still seems confident in obtaining approval before January 10th.