Bitcoin Trading appears to be entering its final phase as the race for ETFs heats up. Both industry players and investors are following developments closely with a mix of expectation and caution.
This week, the US Securities and Exchange Commission (SEC) is expected to announce major decisions, marking a potentially pivotal moment in the journey towards BTC ETFs in the US.
Nate Geraci, one of the leading names in the ETF field, recently announced that companies such as Bitwise, Hashdex and VanEck Bitcoin ETF He emphasized that he was intensifying his marketing efforts in anticipation of their approval.
Geraci; He also made an interesting comment on potential marketing strategies that firms like BlackRock, Fidelity, Invesco, ARK, and Grayscale might adopt given the more restrictive advertising rules under the ’33 Act for spot BTC ETF applications.
According to Geraci, companies may have to determine more innovative and creative advertising strategies due to current laws. Many industry figures, including ETF analyst James Seyffart, point to the “fee war” as a central aspect of this competition.
The crypto community remains excited as the SEC prepares to vote on critical applications for Bitcoin ETFs. It remains one of the most critical decisions expected as these decisions can have far-reaching effects on the market.
The SEC’s upcoming vote on its evaluation of exchanges’ 19b-4 filings and issuers’ S-1 forms like BlackRock and Fidelity is critical. BlackRock may be preparing to get its Bitcoin ETF approved on Wednesday, according to Fox Business.
However, the latest legal setback in the SEC’s lawsuit against Grayscale Investments has fueled speculation that the commission may bow to growing demand for BTC ETFs.