The crypto market expects a seismic shift with the possible approval of a spot Bitcoin ETF.
A potentially historic week awaits Bitcoin (BTC), and the crypto market is holding its breath over the approval of a spot Bitcoin exchange-traded fund (ETF) in the United States. Many believe that approval will catalyze the next crypto bull market and a wave of crypto adoption.
The list of hopeful spot Bitcoin ETF issuers has grown, and the companies involved have filed their most recent Form S-1 amendments on Jan. 8.
Another positive factor is that MicroStrategy is a thriving business that provides business intelligence (BI), mobile software and cloud-based services. Additionally, the company stands in a decent financial position as regards its Bitcoin investment, with an average purchase price is $31,168.
