Should you invest in a spot bitcoin exchange-traded fund (ETF)?

(CryptoQuant) BlackRock (BLK) filing for a spot bitcoin exchange-traded fund (ETF) last month brought renewed optimism into the crypto market, pushing bitcoin (BTC) and related investment vehicles higher. Still, traders in the perpetual futures market tied to bitcoin remain risk averse, unwilling to take on high leverage.

Could a spot bitcoin ETF be approved by Christmas?

A Monday CoinShares report showed that institutional investors are pouring money into the space; JPMorgan analysts said last week that a spot Bitcoin ETF could be approved by Christmas.

Will a spot bitcoin ETF get approval?

Bitcoin was last this high in mid-July. It has since dropped as low as $25,133 but largely hovered between $26,000 and $27,000 per coin. Bulls have flooded the space as talk about a spot Bitcoin ETF has investors hopeful that the long-awaited crypto product will soon get approval from the U.S. Securities and Exchange Commission.

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