The SEC is accelerating its approval process, and funds continue to flow into ETFs. Is Bitcoin expected to reach new highs again?

U.S. stocks saw mixed results on Tuesday (7/1), continuing to hover at historical highs. Federal Reserve Chairman Powell, who has faced intense criticism from Trump in recent days, finally responded directly, stating that if it weren't for tariffs, the Federal Reserve would have cut interest rates long ago! Spot Bitcoin ETF has seen a net inflow for 15 consecutive days, and the SEC is accelerating the approval of encryption ETFs. Will this give Bitcoin, which is hovering at historical highs, the opportunity to reach new heights?

Powell: If it weren't for tariffs, the Federal Reserve (FED) would have lowered interest rates earlier.

In May, the number of job openings in the United States reached a new high since November, mainly driven by the leisure and hospitality sectors, with layoffs also showing a decline. The Federal Reserve (FED) policymakers have described the labor market conditions in recent weeks as strong.

The U.S. government will release the June employment report on Thursday, which is expected to show a slowdown in non-farm payroll growth and an increase in the unemployment rate.

The Chairman of the Federal Reserve, Jerome Powell, has recently faced harsh criticism from Trump again. Powell attended a forum held by the European Central Bank in Sintra, Portugal, on Tuesday, where he also made a direct statement for the first time, saying that if Trump had not expanded the use of tariffs, the Federal Reserve would have cut interest rates long ago. However, Powell does not rule out the possibility of an interest rate cut at the end of July, stating that the Federal Reserve still decides the pace of rate cuts based on the data one step at a time.

According to the CME FedWatch Index, traders generally expect the Federal Reserve (FED) to cut rates again in mid-September, with a possibility of another cut in October and December, which is a change from the previous expectation of two rate cuts before the end of the year.

Spot Bitcoin ETF has seen net inflows for 15 consecutive days, as the SEC accelerates the approval of encryption ETFs.

With Bitcoin prices less than 5% from historical highs, the continuous net inflow of the U.S. Spot Bitcoin ETF has extended to 15 days, totaling $4.7 billion.

ETF Store President Nate Geraci stated, "New funds are approaching 5 billion dollars. It's not 5 billion dollars a year, but 5 billion dollars over the past 15 trading days."

Many experts previously believed that the highest amount for the U.S. Spot Bitcoin ETF in its first year would reach 5 billion dollars.

15 straight days of inflows into spot Bitcoin ETFs…

Approaching $5bil in new $$$.

Not $5bil this year.

That’s $5bil over past 15 trading days.

— Nate Geraci (@NateGeraci) July 1, 2025

The United States Securities and Exchange Commission (SEC) has recently accelerated the approval of encryption ETFs. Following the first staking SOL ETF "REX-Osprey Solana and Staking ETF", it has once again approved Grayscale's Grayscale Digital Large Cap Fund LLC, which invests in BTC, ETH, Solana, Cardano, and XRP, potentially signaling a positive trend for more cryptocurrency fund proposals in the future.

(Solana Staking ETF was listed on 7/3, becoming the first C-Corp structured encryption ETF approved by the SEC in the United States)

This article discusses whether the SEC is accelerating the approval process, with funds continuously flowing into ETFs, and if Bitcoin is expected to reach new highs again? Originally appeared on Chain News ABMedia.