SEC could greenlight spot Bitcoin ETF by January 10; Here’s the latest
In early January, the U.S. Securities and Exchange Commission (SEC) looks set to potentially mark an essential development in crypto history by approving the inaugural spot Bitcoin (BTC) exchange-traded fund (ETF). Insiders from these companies indicate that recent indications from SEC officials suggest a probable approval by January 10, 2024. This date marks the ultimate deadline for the SEC to either grant or deny approval for the first company seeking the SEC’s endorsement for a spot Bitcoin ETF, as reported by Fox Business on December 20. Several firms, including financial powerhouses on Wall Street, such as BlackRock (NYSE: BLK) and Fidelity, have submitted applications for a spot BTC ETF, which is valued based on the real-time price of the digital asset. What would approval mean for the crypto industry Should the anticipated approval materialize, it will signify a significant stride toward the widespread acceptance of cryptocurrency in the United States. St...