 A Bitcoin ETF approval is expected by the end of this month. That is currently the whispers that we have been hearing here at Bitcoin Daily. So what exactly are the odds of this approval happening? And what could that mean for Bitcoin going forward? Let's go ahead and talk about it. Hey, what's up Jay here and welcome to Bitcoin Daily bringing you guys the best tips, tutorials and ideas to help you guys become profitable and successful investors. The goal of this channel is to empower the community with the knowledge and resources to take your wealth up to that next level. So if you're new to the channel, make sure to subscribe, turn on the notifications and if you enjoy this video, make sure to smash that like button. So speculators are predicting that a Bitcoin ETF or exchange traded fund will be approved very, very soon. So one of the main reasons behind Bitcoin's recent spike, other than it being October, of course, is based on the rumors that a Bitcoin ETF might be approved very soon by the U.S. Securities and Exchange Commission. An ETF analyst, Eric Bauchunas, went on live TV and said that there is a 75% chance that Bitcoin ETF is approved in October. Now, of course, there are multiple Bitcoin ETFs that are currently trying to get approved, as you guys can see here in this picture with their potential approval date and the odds of them getting approved first. So you'll see that all the potential approval dates are in October, except this one that's on November 1st and the one with the best odds to be approved with two to one odds are the ProShares Bitcoin Strategy ETF. The potential approval date on that one is October 18th of this year. So will this Bitcoin ETF be approved by October? I guess we will just have to wait and see. But this is the most bullish the sentiment on the Bitcoin ETF being approved has been since companies started applying for Bitcoin ETFs. A Bitcoin ETF approval will bring more volume into the market, more money into the market, more investors overall into the market, which of course would send Bitcoin's price probably skyrocketing, possibly back to all time highs and beyond 100K by December. With all this bullish news is looking like more and more likely and less of a long shot. Thank you guys so much for watching this video. If you enjoyed it, make sure to smash that like on the video. If you guys are new to the channel, don't forget to subscribe and turn on the notifications. I'll see you guys on the next one. As always, peace and love.