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With the recent surge in cryptocurrency investments, investors are eagerly anticipating the potential approval of a spot <a href="https://www.btcc.com/en-US" title="bitcoin exchange">bitcoin exchange</a> traded fund (ETF). Could you elaborate on the likelihood of such an ETF gaining approval? Given the volatility of the crypto market and the SEC's rigorous approval process, what factors would influence the decision? Are there any precedents that we can draw from in assessing the chances of success? Furthermore, what would be the potential implications for the crypto market and investors if such an ETF were to be approved?
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