Reuters reported earlier that the Bitcoin spot ETF could be notified to 14 Bitcoin spot ETF issuers in the United States on Tuesday or Wednesday, whether their applications will be approved. As the prophesied day draws closer, Bitcoin has rebounded rapidly in the past 12 hours, breaking through the $45,000 level, reaching the highest level in the past 20 months.
According to data from Coinglass, in the past 24 hours, a total of 56,109 people have been liquidated, with a total liquidation amount of $164 million. The largest single liquidation occurred in the BTCUSDT trading pair on Binance, worth 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 the Bitcoin spot ETF will actually be approved in these two days.
Eleanor Terrett pointed out that based on the information she obtained from communications 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, which will take a considerable amount of time. Additionally, the SEC staff has been on vacation since last Friday, so the approval expected on Tuesday or Wednesday may be too tight in terms of timing.
However, it is important to emphasize that although Eleanor Terrett believes that the Bitcoin spot ETF may not be approved as expected in the market on Tuesday or Wednesday, she still seems confident about obtaining approval before January 10th.