The US Securities and Exchange Commission (SEC) has set a December 29 deadline for Bitcoin spot ETF applicants to submit final S-1 amendments, indicating a potential move forward in the approval process. The SEC recently held meetings with representatives from seven firms seeking to launch spot Bitcoin ETFs in the coming year, including BlackRock, Grayscale Investments, ARK Invest, and 21 Shares. This engagement between the applicants and the SEC suggests a potential shift in the regulator’s stance on crypto investment products. Notably, BlackRock’s application earlier in the year raised optimism within the industry. The SEC is currently evaluating a joint proposal from ARK and 21Shares, with a decision expected by January 10, 2024. The resolution of the ongoing lawsuit between the SEC and Grayscale Investments is also seen as a significant factor in the potential approval of a Bitcoin spot ETF. The coming weeks are crucial for the crypto market, as the approval of a spot Bitcoin ETF could open new avenues for investors and further legitimize the digital asset in the traditional financial landscape.
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| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇺🇸 |
| Sentiment | very positive |
| Relevance Score | 1 |
| People | None, Eleanor Terrett |
| Companies | ARK Invest, 21 Shares, BlackRock, Grayscale Investments |
| Currencies | Bitcoin |
| Securities | None |
