Bitcoin prices in spot ETF approval: Expert

In anticipation of SEC approval, bitcoin (BTC-USD) is rising in price.

Crypto investors of all kinds are waiting. Dinara Co-Founder & CEO Laurence Latimer joins Yahoo Finance to explore the ETF's immediate and long-term effects on other cryptocurrencies.

He says "it would be a massive event for the industry" as well as a "great support for the institutionalization of digital assets and the mainstreaming of digital assets, widespread adoption."

He notes that "much of the price movement has largely been priced in" and that bitcoin prices have some "frothiness".

As the markets price in rate cuts into the new year, crypto investors are banking big on a spot Bitcoin ETF being a reality as the SEC gives companies until December 29 to make final adjustments to their applications. 

Many industry observers expect a flood of approvals in January due to the new deadline, but that's not news.

Bitcoin is soaring above $42,000, a figure not seen since April 2022.BTC-USD: -0.18%

In anticipation of SEC approval, bitcoin (BTC-USD) is rising in price. Crypto investors of all kinds are waiting. 

 Dinara Co-Founder & CEO Laurence Latimer joins Yahoo Finance to explore the ETF's immediate and long-term effects on other cryptocurrencies.

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