{"id":462007,"date":"2023-11-30T06:49:26","date_gmt":"2023-11-30T06:49:26","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=462007"},"modified":"2023-11-30T06:49:26","modified_gmt":"2023-11-30T06:49:26","slug":"investors-anticipation-propels-this-new-crypto-presale-with-10x-potential-to-the-seventh-stage","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/investors-anticipation-propels-this-new-crypto-presale-with-10x-potential-to-the-seventh-stage","title":{"rendered":"Investors’ Anticipation Propels This New Crypto Presale With 10X Potential to the Seventh Stage"},"content":{"rendered":"

The recently launched Bitcoin ETF Token<\/a> is swiftly selling out in its presale, surpassing the $2 million mark and advancing to stage seven in less than 72 hours.<\/p>\n

In anticipation of the impending Bitcoin ETF approval, Bitcoin ETF Token introduces investors to the highly anticipated institutional trading landscape well in advance, enabling them to capitalize on predetermined milestones as they approach.<\/p>\n

BlackRock’s Spot Bitcoin ETF Inches Closer to Approval as SEC Discussions Heat Up<\/h2>\n

BlackRock has resumed discussions with the SEC’s Trading & Markets division to fine-tune the structure of its proposed spot Bitcoin ETF, according to Bloomberg ETF analyst Eric Balchunas.<\/p>\n

The focus is notably on choosing between in-kind redemption and cash models, with BlackRock expressing a preference for the in-kind approach despite SEC recommendations.<\/p>\n

A recent meeting discussed a NASDAQ regulation modification, where BlackRock presented a revised in-kind model. The SEC is concerned about the impact on balance sheets but BlackRock stands firm.<\/p>\n

If approved, BlackRock’s ETF could attract institutional capital, potentially driving Bitcoin to a new high of $141,000. Ongoing discussions indicate progress in the approval process, with the outcome eagerly awaited for its potential impact on mainstream cryptocurrency integration.<\/p>\n