• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Bitcoin Bulls Await Spot ETF Approval Amidst Price Predictions & Speculation
Bitcoin

Bitcoin Bulls Await Spot ETF Approval Amidst Price Predictions & Speculation

November 6, 2023 by Ammar Raza

Excitement is building as the prospect of a Bitcoin Spot ETF looms on the horizon. Renowned crypto analyst Crypto Rover recently shared insights on what this could mean for the crypto market. According to Rover, the introduction of a Spot ETF is expected to trigger a significant boost in Bitcoin’s price. The reason behind this bullish sentiment lies in the fact that there are currently 12 Bitcoin Spot ETF proposals awaiting approval by the U.S. Securities and Exchange Commission (SEC).

#Bitcoin is expected to have a significant pump following the introduction of a Spot ETF.

Here's why:

Currently, there are 12 Bitcoin Spot ETF proposals in the pipeline. It's widely anticipated that the SEC will approve all these applications at the same time. This is to… pic.twitter.com/RBJf8UAnsy

— Crypto Rover (@rovercrc) November 6, 2023

Anticipation is running high that the SEC will greenlight all 12 of these proposals simultaneously. This coordinated approval strategy is aimed at preventing any single issuer from gaining an unfair advantage in the market, which could potentially lead to regulatory complications. But with a dozen ETFs vying for investors’ attention, the question on everyone’s mind is, which one will attract the lion’s share of investment?

In the world of exchange-traded funds, size matters. Larger funds typically command lower transaction fees due to their higher trading volumes. Consequently, it’s expected that each issuer will launch extensive marketing campaigns to lure in the most efficient market makers. 

This promotional frenzy is projected to follow the anticipated approvals and could have a more profound impact on the market than many might anticipate. It’s no wonder that key industry figures, such as Larry Fink, are appearing on television to promote their respective ETFs, seeking to secure their place as major players in the growing crypto ETF space.

Bitcoin Bullish Predictions & Halving Hype

But the excitement doesn’t stop there. As the likelihood of a Bitcoin ETF approval increases, so does the chatter about Bitcoin’s price predictions. This speculation has been amplified because the next Bitcoin halving event is less than 180 days away, set for April 2024. 

Bitcoin’s price history often follows cyclical patterns, and analysts are drawing parallels between the current trajectory and past performance, suggesting a potential bullish cycle akin to the one observed from 2013 to 2017.

Crypto enthusiasts are eager to make their own predictions, and analyst Cryptorphic chimed in on Twitter with a forecast of their own. According to Cryptorphic, as long as Bitcoin holds at $34,000, they have their sights set on a price range of $38,000 to $41,000. 

#Bitcoin :- As long as $34k holds aiming for $38k-$41k.
Not trying to be smart with BTC.
Accumulating few Alts not with bottom reversals in weekly.
My biggest bet is still on Bitcoin.
I know this might sound a bit different but Alts will have their best time only when Bitcoin… pic.twitter.com/CyP52EHSqu

— Cryptorphic (@Cryptorphic1) November 5, 2023

With Bitcoin’s future hanging in the balance and the prospect of a Spot ETF revolutionizing the market, the crypto world remains as unpredictable and exciting as ever. For now, analysts, enthusiasts, and investors are watching the market’s every move, waiting to see how this ever-evolving narrative unfolds.

Related Reading | NFT Craze Skyrockets: Simpsons Episode Sparks FOMO Frenzy

Filed Under: News, Bitcoin News Tagged With: Bitcoin (BTC), bitcoin spot etf, SEC

Primary Sidebar

Recent Posts

  • BONK Breakout Continues, Bulls Now Targeting $0.000032 Next July 14, 2025
  • Toncoin Eyes $3.60 Breakout After Strong Recovery From Lows July 14, 2025
  • Top 10 Meme Coins to Buy Now: This Stage 13 Cat Presale Is One Tick From a 15% Price Hike July 14, 2025
  • XLM Soars 86%: Can Stellar Hit $1 This July? Bitcoin Hyper Smashes $2.5M July 14, 2025
  • ​The 4 Cryptocurrencies to Buy to Turn $1,000 Into Millions This Summer July 14, 2025

Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2025 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.