Bitcoin investors should brace themselves for a potentially turbulent September, as historical data shows that the month has typically been unfavorable for the cryptocurrency. However, analysts are advising investors to shift their focus to mid-October, specifically October 16th, as significant days to watch. This is because the SEC has set the second decision deadline for seven pending spot Bitcoin ETFs, including applications from BlackRock, Bitwise, Valkyrie, WisdomTree, VanEck, iShares, and Invesco. Bloomberg ETF analyst James Seyffart believes that there is a 75% chance of a spot Bitcoin ETF approval by the end of this year. The recent delays in the approval process were expected, and Seyffart would have been surprised if they were approved in the initial round of deadlines. Despite a brief surge following Grayscale’s victory over the SEC, the price of Bitcoin has fallen 4.5% in the past 24 hours and is currently trading at $26,066.
