
Major cryptocurrencies experienced a significant surge on Wednesday evening amid anticipation surrounding the upcoming decision by the Securities and Exchange Commission (SEC). Starting tomorrow, a limited time frame will emerge, within which the approval of 12 pending Bitcoin ETF applications could potentially take place.
What Happened: The BlackRock iShares Spot Bitcoin ETF and the conversion of the Grayscale Bitcoin Trust could potentially receive approval, as suggested by Bloomberg analysts James Seyffart and Eric Balchunas.