DonAlt, a top crypto trader, has revealed his forecast for Bitcoin (BTC) if a hotly anticipated Bitcoin investment product gets the regulatory nod. DonAlt told his 53,000 YouTube subscribers that Bitcoin could rally modestly if a spot BTC exchange-traded fund (ETF) is authorized in the United States. Earlier this week, a U.S. court ruled that the U.S. Securities and Exchange Commission (SEC) has to reconsider a Bitcoin ETF application by Grayscale, a move that coincided with BTC going up by over 5%. DonAlt believes that the chances of a Bitcoin ETF getting approved are now close to 100%, albeit with inevitable delays. Bitcoin is currently trading at $27,206. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. It is important to note that The Daily Hodl participates in affiliate marketing.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	8
People	DonAlt, SEC, Grayscale
Companies	Grayscale, Bitcoin (BTC), Daily Hodl, Securities and Exchange Commission (SEC), TechnicalRoundup YouTube channel
Currencies	Ethereum, Bitcoin
Securities	None