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Fox Business reporter Eleanor Terrett reports via X that "In the U.S. Securities and Exchange Commission's (SEC) up/down vote on a BTC spot ETF, Commissioner Gary Gensler voted to approve. Pro-cryptocurrency commissioners Hester Pierce and Mark Uyeda also voted in favor, while Caroline A. Crenshaw

South Korean crypto research firm CryptoQuant contributor MAC_D writes: "If BTC rises to $48,500, the ratio of 1-day to 1-week holders to total BTC holders may exceed 8%. This is a sign that the market is overheating and could increase the likelihood of a correction. $48,500

Jamie Coutts, a crypto market analyst at Bloomberg Intelligence, told X: "The media has attributed bitcoin's 150% rise over the past year to anticipation of a spot ETF launch. However, BTC's network fundamentals, along with new use cases like inscription, are the strongest they'

According to Meltem Demirors, chief strategy officer at cryptocurrency investment fund Coin Shares, the approval of a BTC spot ETF is unlikely to result in a 'sell on the news' event. Demirors noted that $243 million flowed into crypto ETP products in the last week of last year,

According to Eric Balchunas, an ETF analyst at Bloomberg, the U.S. Securities and Exchange Commission (SEC) is likely to approve a bitcoin spot ETF before Jan. 11 (local time). However, he noted that this is not a certainty. James Seifart, another Bloomberg ETF analyst, previously stated that a Bitcoin

Gabor Gurbacs, an advisor to Tether and VanEck, stated that the amount of inflows during the first week of trading after the approval of the Bitcoin Spot ETF is not significant in the long run. What is important is that physical BTC investments are accessible to roughly $500 trillion in