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Coinbase Researcher Says Approval of US Bitcoin ETF Already Partially Priced In

According to David Duong, head of institutional research at Coinbase, the impact of a potential regulatory approval for a US spot Bitcoin exchange-traded fund (ETF) has already been partially priced in for Bitcoin. Duong suggests that the divergence between Bitcoin's performance and the altcoin market indicates that market participants are anticipating the approval of one or more BTC ETFs.

However, Duong warns that if a BTC ETF is approved, it may take some time for significant inflows to materialize, as seen with the launch of the SPDR Gold Shares ETF. The final deadline for the SEC to review the ARK 21 Shares Bitcoin ETF application is on January 10th, which could encourage the SEC to issue decisions on a number of applications this year.

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