SEC backed into a corner on Bitcoin ETF, and is a BTC price correction coming?

As we anxiously await the U.S. SEC’s ruling on spot Bitcoin ETF applications, Bloomberg’s James Seyffart wonders if the regulatory agency has been “backed into a corner.” However, only 39% of financial advisers surveyed expect a positive outcome this month. A surge in calls to “buy the dip” may have helped Bitcoin rebound from its flash crash this week, but Arthur Hayes warns a far bigger correction could be coming down the pipeline!Further reading:SEC has been ‘backed into a corner’ on BTC ETF approval — Bloomberg analystOnly 39% of financial advisers believe a Bitcoin ETF will be approved in 2024: BitwiseSurge in ‘buy the dip’ mentions highlights traders’ bullish crypto outlookMarch banking crisis rerun risks 40% Bitcoin price crash — Arthur HayesSo, grab yourself a coffee, and let’s get into it!Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn. Cointelegraph’s Twitter: @CointelegraphCointelegraph’s website: cointelegraph.comThe views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.