Bitcoin ETFs: Approval, Deadlines, Bull Run, and SEC Appeals - What You Need to Know

The approval of spot-based bitcoin exchange-traded funds (ETFs) is already partially priced into the market, according to Coinbase Institutional. The anticipation of these ETFs has contributed to Bitcoin's outperformance compared to other cryptocurrencies. However, once the spot-based ETFs are approved, Bitcoin may lose its edge over the broader market for some time. The launch of futures-based ETFs in 2021 followed a similar pattern. The impact of spot-based ETFs would extend beyond inflows, signaling a regulatory shift that could positively impact market valuations.