BTC gained almost 7% over the past 24 hours.
"An approval could trigger a 10-15% rally, fueled by sidelined capital," Kruger said. "If there's no approval, projections hint at a possible correction, but strong support above $30,000 is expected."
Applicants including asset management giants BlackRock, Fidelity and Grayscale earlier today submitted updated S-1 filings to the U.S. Securities and Exchange Commission (SEC) and multiple issuers revealed the fees they would charge investors.
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