While the SEC’s decision on spot Bitcoin ETF applications is just around the corner, exciting news came from Reuters.
US Securities and Exchange Commission (SEC) BlackRock And Fidelity including 14 asset management company’s spot Bitcoin ETF applications. within 12 days is expected to make a decision.
According to the news provided by Reuters, the SEC is not in favor of waiting until the end of this date. According to confidential sources in the news, the SEC has given permission to ETF issuers to launch their products next week and Tuesday or Wednesday He stated that he would inform about this on the day.
While all companies were updating their applications until the deadline given by the SEC, this news from Reuters attracted attention. If the regulator is considering granting spot Bitcoin ETF approval, it will do so next week. January 2 or 3 It will be announced on.
Currently awaiting approval from the SEC 14 asset managers is available. In the past, the SEC has rejected applications, citing market manipulation and possible inadequacies. The approval of the Spot Bitcoin ETF is thought to be a turning point for the cryptocurrency market.