Crypto asset manager 7RCC and BlackRock have filed applications for spot bitcoin ETFs with the SEC.

BlackRock's proposed ETF, IBIT, is showing positive prospects after switching to a cash redemption model.

Approval of these Bitcoin ETFs could result in explosive growth and a new all-time high for Bitcoin.

Approval of Ethereum ETFs has been delayed until May 2024.

Analysts predict approval of spot Bitcoin ETFs as early as January 2024.

The cryptocurrency market is experiencing a 'Santa Rally', with various digital assets increasing in value.

Other companies like Invesco, WisdomTree, and Fidelity Investments have also applied for Bitcoin ETFs.

The SEC is expected to approve spot Bitcoin ETFs in January 2024, with a speculated favorable decision by January 10.

The impact of a spot Bitcoin ETF on the cryptocurrency market is debated, with potential significant inflows into BTC or redirection of capital from other BTC operations.

Despite the positive outlook for Bitcoin and digital assets, investors are advised to conduct their own research before investing.