The U.S. Securities and Exchange Commission (SEC) may approve spot Bitcoin ETFs in early January, as many analysts expect.
According to information provided by FOX Business close to money management firms names, SEC’s spot Bitcoin ETFs will approve it by January 10, 2024 he thinks.
The SEC will make its final decision on the ETF application of Ark Investment Management, managed by Cathie Wood, on this date.
Names close to the industry, SEC will approve multiple applications at the same time he thinks.
One of the points on which the SEC and issuers have not been able to reach an agreement so far is the The method by which the transactions will be carried out It was a matter of. The SEC ensures that issuers in every transaction Exchange between Bitcoin and cash issuers prefer contractual transactions that allow Bitcoins to be exchanged for ETF shares.
According to reports, names in the industry are the SEC’s Low probability of rejecting ETF applications he thinks it is. The reason for this is that the appeals court ruled in favor of Grayscale, which is trying to convert GBTC into an ETF.