Bitcoin’s Price Hovers Below $29K Amid Anticipation of Spot ETF Decision

Bitcoin Market Stagnates as Investors Wait for SEC’s ETF Decisions

Despite hopes for increased action earlier this month, the SEC has yet to provide any feedback on spot bitcoin filings, leaving the market in a state of anticipation. The delay in the approval of ARK’s 21Shares BTC ETF, along with dissenting opinions and concerns expressed by organizations like Better Markets, has further contributed to the market’s stagnant state. The uncertainty surrounding the SEC’s decision on bitcoin ETFs may prolong the current market stagnation.