Investors are eagerly awaiting the release of a Bitcoin Exchange Traded Fund (ETF) in the US.
Despite several applications from firms including BlackRock, Grayscale, Ark 21shares, Vaneck, and Hashdex, the Securities and Exchange Commission (SEC) has continually postponed the decision.
According to analysts, market anticipation is high for an ETF to be introduced in January after BlackRock submitted a new application.
The news has provoked a spike in purchases in the cryptocurrency market.