Bitcoin ETF approval odds at 70%, says analyst ahead of January deadline

Bitcoin ETF will get approved with a 70% likelihood in January, according to analyst Alex Krüger. Crypto traders are possibly preparing to employ a Sell the News strategy to front-run the market, Krüger says. A rise in correlation between the DXY US Dollar Index and Bitcoin can start a 2024 rally. uary. Krüger anticipates that traders are gearing up for this event, possibly employing a Sell the News strategy.

According to Bitinning founder Kashif Raza, 16 spot ETF applications are in queue for approval. He notes, Never before you had so many applications in front of the SEC, he said. There are 16 applications in Que for a SPOT ETF approval. 12 for Bitcoin. 4 for Ethereum. Never before you had so many applications in front of the SEC. pic.twitter.

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