Rumor: Spot Bitcoin ETF Notice Is Expected To Be Issued Today

Key Points:

• Social media rumors and insider hints heighten expectations for the spot Bitcoin ETF notice of approval.
• socialCryptic tweets and analyst opinions create mixed signals on the approval date, ranging from January 5 to January 10.
• Despite brief Bitcoin volatility, market optimism prevails, with a rebound to $44,700 as investors remain confident in the eventual approval.

In the midst of fervent speculation and social media buzz, the cryptocurrency community is abuzz with the prospect of a spot Bitcoin ETF notice possibly being issued soon.

Anticipation Grows for Spot Bitcoin ETF Notice

On January 4, TechCrunch reporter Jacquelyn Melinek hinted at the likelihood of multiple ETF approvals based on sources “extremely close to the matter,” creating anticipation for a spot Bitcoin ETF notice on January 5.

Adding to the intrigue, Grayscale’s chief legal officer’s cryptic tweet, “Just filling out some forms,” has triggered speculation, gaining significant traction on social media. However, Bloomberg ETF analyst James Seyffart dismisses the January 5 approval as mere “noise” and maintains his expectation of approval between January 8 and 10.

Despite a Matrixport report warning of a potential rejection causing a brief 10% Bitcoin dip, optimism prevails. Bitcoin rebounded to $44,700 on Thursday as investors brushed off Wednesday’s flash crash, maintaining confidence in the imminent approval of a U.S.-spot BTC exchange-traded fund.

The crypto market has eagerly anticipated spot-based Bitcoin ETFs, considered superior to existing futures-based options. BlackRock‘s filing in June to list such an ETF in the U.S. sparked a wave of applications. However, a survey released by Bitwise and VettaFi revealed surprising skepticism among financial advisors, with only 39% expecting a spot BTC approval this year.