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It points to two important catalysts for the largest cryptocurrency in the long run. The first of these catalysts is the approval of the first spot Bitcoin ETF in the United States. The second catalyst is the Bitcoin block reward halving, which is expected to take place in April 2024.
Although they point out that the next likely dates for the ETF approval announcement are January 6 to 8, 2023, the US Securities and Exchange Commission (SEC) has the ability to delay the ETF approval for a few more weeks due to technical reasons.
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