A rare conference call in the U.S. SEC sparked hopes for the $Bitcoin$ ETF to be approved

The U.S. SEC (SEC) is reportedly holding a rare joint conference call with contenders launching Bitcoin "Spot" ETFs.
The unprecedented gathering, which coincided with the SEC's Jan. 10 deadline for key decisions, sparked a wave of excitement across the community.

"Ready"
With the SEC about to make a decision on BitcoinSpot ETFs, there is a palpable sense of anticipation in the air. Now, there are less than 20 days left before the regulator makes a final decision.
More interestingly, Anthony Scaramucci published a theory that the news could come as a surprise during the lull of the holidays – a strategic move that kept it out of the spotlight.
This could be a game-changer for the market, with billions of dollars potentially flowing into emerging asset classes.

A sea of speculation
At the same time, forecasts for Bitcoin's price movements have gone crazy. Analysts at QCP Capital are eyeing Bitcoin resistance zone between $45,000 and $48,500, with Bitcoin likely to fall to $36,000 before any bullish trend formes. But not everyone wears tinted glasses.
At JPMorgan Chase, analysts are more cautious, predicting that the optimism surrounding ETFs may be a bit overdone.
They noted that the lukewarm reaction in Europe and Canada to existing Bitcoin ETFs suggests that the U.S. market may not be as welcoming to the new investment vehicle as some would like.

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