Lucky 13? Where spot bitcoin ETF proposals stand ahead of judgment day

The approval of a Bitcoin ETF is anticipated to arrive soon. The US Securities and Exchange Commission has yet to approve an ETF that directly holds Bitcoin, but there is speculation that a proposal by Ark Invest and 21Shares will be approved by January 10. Bloomberg Intelligence analysts estimate a 90% chance of spot Bitcoin ETF approval by this date, but John Reed Stark, a former SEC executive, believes this estimation is “absolutely absurd.” Currently, there are 13 proposed spot Bitcoin ETFs in front of the SEC.

Several companies are seeking to launch this product. Grayscale Investments, who recently had a court win over the SEC related to a Bitcoin Trust, is ready to operate as an ETF upon regulatory approval. Ark Invest and 21Shares are also contenders in the race for a Bitcoin ETF. Additionally, BlackRock, Bitwise, VanEck, WisdomTree, Invesco, and Fidelity are all vying for approval of their ETF proposals. These companies have been making amendments to their applications and engaging in dialogue with regulators in anticipation of a potential spot Bitcoin ETF approval.

Join Our Social Group For Latest News Updates

WhatsApp Group

Leave a Reply

Your email address will not be published. Required fields are marked *