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Bitcoin's price trend continues to be dominated by the ETF narrative, and after Friday's re-filings of various ETF applications, SEC Chair Gary Gensler just dropped the biggest hint yet that the Spot ETF approval is imminent.

This follows eleven of the asset managers that have applied for permission to launch a spot Bitcoin ETF filed 19b-4 amendments on Jan. 5.

The filers included BlackRock, Valkyrie, Grayscale, Bitwise, Hashdex, ARK Invest and 21Shares, Invesco and Galaxy, Fidelity, Franklin Templeton, VanEck and WisdomTree.

And, in a three-part post on X, Gensler issues the clearest cover-your-ass narrative yet suggesting the approval is imminent:

To which we charitably added a fourth warning:

Bitcoin topped $45,000 this morning amid the growing confidence in SEC approval…

Bloomberg Intelligence's ETF analyst Eric Balchunas said he would "probably go with 5% at this point" in reference to the likelihood of the SEC rejecting the spot Bitcoin ETF applications on its desk.

Participants in crypto betting platform Polymarket are more cautious, currently placing the odds at approval of a spot Bitcoin ETF by January 15 at 82%.

Finally, as Decrypt reports,  Bitcoin ETF hopefuls have been given until Monday morning to submit last-minute revisions to their applications. The SEC has an open window until January 10 in which it could approve multiple applications simultaneously.

The first stage in approval of a spot Bitcoin ETF would be the SEC signing off on 19b-4 filings by the exchanges planning to list the ETFs, all of which were submitted by 6 p.m. ET on Friday.

The SEC would then need to approve the issuers' S-1 applications; with both approved, the ETFs could technically begin trading the next business day.