The latest decoupling from the two can be explained by the fact that the crypto market, since October, has been squarely focused on expectations for a spot bitcoin ETF launch in the U.S. The Securities and Exchange Commission is likely to decide on nearly a dozen spot ETF applications by Jan. 10, potentially opening doors for widespread adoption of the asset class.

![Bitcoin [BTC] Decouples From Nasdaq Amid ETF Speculation Bitcoin [BTC] Decouples From Nasdaq Amid ETF Speculation](https://www.coindesk.com/resizer/ptL0eOtQ-Vm1vnbbmQrtdCP__bQ=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/6MLC6M43OZFWTIWOZ54O6UT354.jpg)