JUST

Wednesday

Bitcoin

Spot

A number of asset management firms, including BlackRock Asset Management and VanEck, have updated their applications for exchange-traded funds (ETFs) linked to the spot price of Bitcoin (BTC). These updates were filed with the Securities and Exchange Commission (SEC) last week, fueling speculation that a decision from the regulator could be imminent. 
By late Friday afternoon, filings had been updated by several firms, including Valkyrie Investments, Bitwise Investment Advisers, Invesco Ltd., Fidelity, WisdomTree Investments and a joint venture between Ark Investments and 21Shares. These documents detailed the arrangements each firm made with market makers to ensure transactions were liquid and efficient. 
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<h2 id="reuters-sec-to-approve-bitcoin-spot-etfs-on-tuesday-or-wednesday">Reuters: “SEC to Approve Bitcoin Spot ETFs on Tuesday or Wednesday”</h2> 
According to Reuters' sources, the SEC may inform companies that Bitcoin Spot ETFs will receive approval on Tuesday or Wednesday (January 2-3) before the approval on January 10. 
Valkyrie said it will receive a 0.80% management fee from the ETF if the SEC approves the products early in the new year. Ark and 21Shares previously announced that they were proposing to charge the same fee for their ETFs. 
Fidelity Wise Origin Bitcoin Fund was identified as the cheapest fund with a fee of only 0.39%. Invesco said it planned a 0.59% fee, but added in its filing that it would waive that fee for six months on the first $5 billion in assets attracted by the new fund. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/just-in-reuters-reveals-estimated-date-next-week-bitcoin-spot-etfs-will-be-approved-its-starting-to-get-clearer/">JUST IN: Reuters Reveals Estimated Date Next Week Bitcoin Spot ETFs Will Be Approved – It’s Starting to Get Clearer</a>

JUST IN: Reuters Reveals Estimated Date Next Week Bitcoin Spot ETFs Will Be Approved – It’s Starting to Get Clearer

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