Matrixport, in its latest report, has presented a unique perspective, predicting that the U.S. Securities and Exchange Commission (SEC) will reject all Bitcoin spot ETF applications in January. However, the report suggests that final approval for these ETFs may be possible in the second quarter (Q2) of the year.
Additionally, Matrixport forecasts a decline in Bitcoin’s price, estimating it could fall to between $36,000 and $38,000. Based on this prediction, the report advises investors to consider purchasing put options or even directly short-selling Bitcoin as a strategic response to the anticipated market dynamics.
