Approval of spot Bitcoin ETFs could happen within the next few weeks, according to Bloomberg analysts.
Spot Bitcoin exchange-traded funds could be approved between January 8-10, according to Bloomberg analyst James Seyffart. Around this time, the final decision date for the application made by Ark and 21Shares comes.
The Securities and Exchange Commission has rejected many applications for a spot Bitcoin fund. However, regarding the application for Ark and 21Shares ETF, there is no deadline until January 10. positive or negative have to make a decision.
According to Bloomberg analyst Seyffart, the SEC will not respond to any of the applications. in order not to take advantage Postpones all applications. In Seyffart’s opinion, the SEC would review all filings. will be confirmed at the same time.