Bitcoin ETF

Bitcoin

Spot

According to Reuters, industry executives said that negotiations between the US Securities and Exchange Commission (SEC) and companies applying for spot ETFs are progressing. 
Accordingly, industry executives stated that the negotiations between the companies applying for spot ETFs and the SEC are progressing towards technical details about ETFs. 
At this point, informants emphasized that this progress in the negotiations is a sign that a spot Bitcoin ETF, which has been expected to be approved for a long time, may be approved soon. 
As it is known, there are thirteen spot Bitcoin ETF applications pending before the SEC. Among these, Grayscale Investments, BlackRock, Invesco and ARK Investments also have spot ETF applications. 
While the companies applying for the ETF argue that the spot Bitcoin ETF offers investors the best way to invest in Bitcoin, depending on the spot price of BTC, the SEC has been rejecting spot ETF applications for a long time, arguing that they do not meet the investor protection requirement. 
Additionally, the SEC has until January 10 to make a final decision on ARK Invest's first-tier spot ETF application. At this point, analysts said that the progress in the negotiations indicates that the SEC may approve ARK's application and possibly 12 other applications in 2024. 
At this point, Morningstar ETF analyst Bryan Armour said, “My guess is that several ETFs will be approved at the same time, which will give investors the best opportunity for Bitcoin.” 
However, while the developments indicate that the SEC will soon approve spot ETF applications, analysts remind that the final decision on this matter belongs to the SEC and warn investors against a small possibility of rejection. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/sec-advances-spot-bitcoin-etf-talks-is-etf-approval-nearing/">SEC Advances Spot Bitcoin ETF Talks! Is ETF Approval Nearing?</a>

SEC Advances Spot Bitcoin ETF Talks! Is ETF Approval Nearing?

Bitcoin Sistemi EN

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