Bitcoin Rebounds Above $44K as Spot BTC ETF Approval Looks Increasingly Likely

Reports swirled Thursday that the SEC was giving final comments to issuers and may approve multiple spot-based bitcoin ETF applications very soon.

• Shares of Coinbase, bitcoin miners endured sharp drawdowns Tuesday despite BTC’s strong showing ahead of spot ETF decision.
• Crypto stocks appeared overvalued after multiplying in price last quarter, one research firm noted.