According to JPMorgan analysts, the US Securities and Exchange Commission (SEC) will soon approve applications for the spot Bitcoin ETF.
According to JPMorgan analysts, the SEC’s failure to appeal the Grayscale case indicates that spot Bitcoin ETFs will be approved in a short time:
“It is not yet known when spot Bitcoin ETFs will be approved, but it will likely be within a few months, before January 10, 2024.”
This is the deadline for consideration of ETF applications submitted by Ark Invest and 21Shares.
JPMorgan analysts, SEC Approval of multiple Bitcoin ETFs waiting. In this way, investors Offering the most affordable commission rates They will be able to choose the funds.
According to analysis conducted by JPMorgan a few months ago, the approval of Bitcoin ETFs will not affect the cryptocurrency market much. Spot Bitcoin ETFs have been available in Europe and Canada for some time, but they have not attracted much interest from investors.