The SEC's nuclear button has been pressed! Bitcoin ETF approval accelerates, and trillion-dollar institutional funds are about to flood the crypto market!
Fellow crypto veterans, today we are discussing a "nuclear button-level" event in the crypto world—the U.S. SEC is quietly dismantling the firewall for cryptocurrency ETFs. According to the latest news, SEC staff have submitted key documents to cryptocurrency exchanges, which is equivalent to pressing the accelerator for Bitcoin ETF approval.
Personal Opinion: This action is by no means coincidental. Recall the 2021 lawsuit by Grayscale against the SEC, where the judge stated that "denying the BTC spot ETF is arbitrary and capricious," which has hung over the regulators like the sword of Damocles for three years. Now, the SEC is proactively advancing the approval framework, essentially acknowledging that crypto assets have evolved from "digital gambling tools" to "institutional-grade allocation tools."
Case in Point: Remember when Canada's first Bitcoin ETF launched in 2021? Its first-day trading volume exceeded 400 million Canadian dollars, directly propelling Bitcoin to 60,000 USD. If the U.S. market opens up, just the assets managed by giants like BlackRock and Fidelity exceed 10 trillion USD, and this wave of capital could reshape the crypto market landscape.
But be aware, the SEC's "accelerated approval" ≠ "unconditional release." They are likely to set new thresholds in areas such as custody solutions and market manipulation prevention. For instance, they may require exchanges to adopt real-time blockchain monitoring or mandate the disclosure of market maker positions—these details will be the decisive factors for future ETF approvals.
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