Franklin

Bitcoin ETF

Bitcoin

Notable

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
In a groundbreaking revelation, leading crypto analytics platform&nbsp;<a href="https://app.intotheblock.com/perspectives/bitcoin_etf" rel="noopener noreferrer nofollow">IntoTheBlock</a> has unveiled a comprehensive report delving into the highly anticipated launch of Bitcoin spot ETFs.&nbsp;
The report predicts that a staggering 13 investment instruments will flood the ETF market by March 2024, ushering in a new era of financial innovation.
Among the major players, BlackRock, boasting an impressive $9.4 trillion in assets under management, leads the charge. Notable financial institutions like Invesco Galaxy, Franklin Templeton and Fidelity are also gearing up to introduce their own&nbsp;<a href="https://u.today/michael-saylors-bitcoin-price-factor-survey-shows-astonishing-results-details" rel="noopener noreferrer nofollow">Bitcoin</a> spot ETFs, with assets under management reaching mind-boggling figures.
<blockquote>
 The anticipation is palpable as the market leans bullish, eagerly awaiting a Bitcoin ETF approval. In this table, from our latest Perspective, you can see an overview of all proposals on the table and their final deadline👇🔗<a href="https://t.co/sdb5SzjJME" rel="noopener noreferrer nofollow">https://t.co/sdb5SzjJME</a> <a href="https://t.co/lYXajvynlN" rel="noopener noreferrer nofollow">pic.twitter.com/lYXajvynlN</a>— IntoTheBlock (@intotheblock) <a href="https://twitter.com/intotheblock/status/1732725432846295541?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 7, 2023</a>
</blockquote>
Taking the lead in the race is a joint proposal from ARK Invest and 21 Shares. The report indicates that regulatory responses for all applications are expected in the first decade of January, with ARKB&nbsp;<a href="https://u.today/bitcoin-btc-price-tops-43k-analyst-predicts-short-term-peak-amid-spot-etf-buzz" rel="noopener noreferrer nofollow">ETF</a> from these two prominent investment companies slated to hit the market as early as Jan. 10.
IntoTheBlock highlights a potential regulatory strategy by the SEC, drawing parallels to the simultaneous approval of nine&nbsp;<a href="https://u.today/ethereum-price-to-surge-massively-suggests-this-eth-chart" rel="noopener noreferrer nofollow">Ethereum</a> futures ETFs in October. The regulator may opt for a consolidated approval approach, avoiding individual application reviews within a set time frame.
As the countdown to March 2024 unfolds, recent discussions between the SEC and asset managers, as reported by&nbsp;<a href="https://www.reuters.com/technology/us-bitcoin-etf-issuer-talks-with-sec-have-advanced-key-details-sources-2023-12-07/" rel="noopener noreferrer nofollow">Reuters</a> and citing industry experts, suggest a focus on key technical details. This development serves as a promising sign that the regulatory agency may soon grant approval for these transformative financial products.

13 Bitcoin Spot ETFs Could Launch by March 2024: Here's What Is Known So Far

U_Today

Other articles published on Dec 7, 2023

Bitcoin (BTC) Price Analysis: Orbiting 44481 After 45000 Peak – 8 December 2023

24 Crypto Update, 6 Dec: BTC stable, while altcoins are under pressure

Crypto Price Prediction: Where Will Bitcoin, Ethereum, XRP & Chainlink Be in 24 Months?

BONK Price Attains A New ATH, Outperforming Shiba Inu and Dogecoin

TON blockchain crippled by Bitcoin Ordinals-style token transactions

Advancing U.S. Bitcoin ETFs: In-Depth Talks Between SEC and Issuers Signal Approaching Approvals

Join our free newsletter for daily crypto updates!