Bitcoin ETF

Bitcoin

Spot

<div class="watcher-guru">
 <p>The entire industry as well as several prominent firms have been betting big on Bitcoin’s spot exchange-traded funds [ETF]. Interest in Bitcoin spot ETFs has surged to unprecedented levels. It is evidenced by a global Google search volume for “spot Bitcoin ETF” that is nearing a five-year high of 100. This surge in online searches is a clear indicator of the growing public fascination with these investment vehicles. It also reflects increased awareness and a surge in participation.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="323" src="https://cdn.thebittimes.com/images/2023/10/20/b48a389fea99a05f238799eeba6f3e9d.webp" alt class="wp-image-116662" srcset="https://cdn.thebittimes.com/images/2023/10/20/b48a389fea99a05f238799eeba6f3e9d.webp 1024w, https://cdn.thebittimes.com/images/2023/10/20/b48a389fea99a05f238799eeba6f3e9d.webp 300w, https://cdn.thebittimes.com/images/2023/10/20/b48a389fea99a05f238799eeba6f3e9d.webp 768w, https://cdn.thebittimes.com/images/2023/10/20/b48a389fea99a05f238799eeba6f3e9d.webp 1536w, https://cdn.thebittimes.com/images/2023/10/20/b48a389fea99a05f238799eeba6f3e9d.webp 2048w, https://cdn.thebittimes.com/images/2023/10/20/b48a389fea99a05f238799eeba6f3e9d.webp 380w, https://cdn.thebittimes.com/images/2023/10/20/b48a389fea99a05f238799eeba6f3e9d.webp 550w, https://cdn.thebittimes.com/images/2023/10/20/b48a389fea99a05f238799eeba6f3e9d.webp 800w, https://cdn.thebittimes.com/images/2023/10/20/b48a389fea99a05f238799eeba6f3e9d.webp 1160w, https://cdn.thebittimes.com/images/2023/10/20/b48a389fea99a05f238799eeba6f3e9d.webp 2220w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source
  </figcaption>
 </figure>
 <p>Similarly, the term “<a rel="noopener noreferrer nofollow" title="Bitcoin ETF" href="https://thebittimes.com/tag/bitcoin-etf.html">Bitcoin ETF</a>” has experienced a notable resurgence. It reached a value of 39, the highest level since the introduction of ProShares’ futures-based ETF two years ago. This heightened search activity underscores the rising interest not only among retail investors but also among institutional players who are actively seeking information about Bitcoin spot ETFs and their potential impact on the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency market.</p>
 <p>Market participants are growing increasingly confident that the U.S. Securities and Exchange Commission (SEC) will grant approval for a spot ETF in the early part of next year. This positive outlook is rooted in the SEC’s recent failure to meet a deadline to challenge a crucial legal setback. However, it leads to expectations that approval may be on the horizon. If approved, this development would unlock a surge of liquidity in the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency market, further cementing Bitcoin’s position as the world’s leading digital currency.</p>
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828227"></div>
  </div>
 </div>
 <p><strong>Also Read: Gary Gensler Says SEC is ‘Doing Work’ on <a rel="noopener noreferrer nofollow" title="Bitcoin ETF" href="https://thebittimes.com/tag/bitcoin-etf.html">Bitcoin ETF</a> Filings</strong></p>
 <h4 class="wp-block-heading" id="h-coinbase-displays-high-confidence-in-approval-of-bitcoin-etf">Coinbase Displays High Confidence in Approval of Bitcoin ETF</h4>
 <p>Coinbase, a leading crypto exchange, appears to be growing more bullish about the prospects of Bitcoin ETFs. According to Coinbase’s Chief Legal Officer, Paul Grewal, he sees a notable uptick in strong proposals from prominent firms for these financial products and services, with many of them belonging to the top-tier companies in the financial services sector. He added,</p>
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div id="primisContainer" class="add"></div>
 </div>
 <figure class="wp-block-image size-full"><img decoding="async" width="1000" height="667" src="https://cdn.thebittimes.com/images/2023/10/20/8b2b94c59d83001c12dfc3a3c319f90e.webp" alt class="wp-image-116664" srcset="https://cdn.thebittimes.com/images/2023/10/20/8b2b94c59d83001c12dfc3a3c319f90e.webp 1000w, https://cdn.thebittimes.com/images/2023/10/20/8b2b94c59d83001c12dfc3a3c319f90e.webp 300w, https://cdn.thebittimes.com/images/2023/10/20/8b2b94c59d83001c12dfc3a3c319f90e.webp 768w, https://cdn.thebittimes.com/images/2023/10/20/8b2b94c59d83001c12dfc3a3c319f90e.webp 380w, https://cdn.thebittimes.com/images/2023/10/20/8b2b94c59d83001c12dfc3a3c319f90e.webp 550w, https://cdn.thebittimes.com/images/2023/10/20/8b2b94c59d83001c12dfc3a3c319f90e.webp 800w" sizes="(max-width: 1000px) 100vw, 1000px">
 </figure>
 <p><strong>“I’m quite hopeful that these [ETF] applications will be granted, if only because they should be granted under the law.”</strong></p>
 <p>In a recent research report, JPMorgan pointed out that the SEC is expected to grant a green signal for a Bitcoin ETF focused on spot trading within the coming months. The exact timing of the approval remains uncertain. However, it is likely to occur within a few months and possibly before the final deadline of Jan. 10, which corresponds to the Ark 21Shares applications.</p>
 <p><strong>Also Read: JPMorgan Expects SEC Approval of Multiple Spot <a rel="noopener noreferrer nofollow" title="Bitcoin ETF" href="https://thebittimes.com/tag/bitcoin-etf.html">Bitcoin ETF</a>’s Within Months</strong></p>
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828233"></div>
  </div>
 </div>
 <p></p>
</div>
<div class="cs-entry__tags">
 <ul>
  <li>bitcoin</li>
  <li>Bitcoin ETF</li>
  <li>btc</li>
  <li>crypto</li>
  <li>cryptocurrency</li>
 </ul>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/spot-bitcoin-etf-google-searches-spike-as-industry-confidence-prevails-tbt67129.html">https://thebittimes.com/spot-bitcoin-etf-google-searches-spike-as-industry-confidence-prevails-tbt67129.html</a></p>

Spot Bitcoin ETF Google Searches Spike As Industry Confidence Prevails

TheBitTimes

Other articles published on Oct 20, 2023

Polkadot’s Q3 treasury data shows 61% increase in expenditure

Cardano's ADA at a Crossroads: Will $0.239 Support Hold or Break?

JP Morgan Report: Spot Bitcoin ETF Applications Nearing SEC Approval

Ripple: XRP Repeats 2021 Pattern of 70% Retracement From 2018 High

The SEC dropped the charges against Ripple’s executives – XRP records a 3-month gain

Polygon Propels Decentralized Governance Forward with Introduction of Protocol Council

Join our free newsletter for daily crypto updates!