United

Bitcoin

The Securities and Exchange Commission (SEC) of the United States is expected to issue a positive signal regarding the approval of spot <a href="https://optimisus.com/news/crypto-news/blackrock-nears-bitcoin-etf-launch-facing-sec-scrutiny-over-using-a-third-party-broker/" rel="noopener noreferrer nofollow">Bitcoin exchange-traded funds</a> (ETFs).  
This development may pave the way for several asset management firms, such as Ark Investments, 21Shares, Valkyrie, and others, to launch ETFs as early as January 10.  
The possibility of approval has sparked excitement in the crypto industry, with experts predicting increased institutional investor participation.  
According to industry experts, the <a href="https://optimisus.com/market/market-news/sec-delays-decision-on-hashdex-nasdaq-ethereum-etf-creating-investor-uncertainty/" rel="noopener noreferrer nofollow">SEC</a> may soon notify asset managers of the approval of spot Bitcoin ETFs. Notably, several firms, including Ark Investments and 21Shares, submitted proposals before the year's end.  
The SEC's decision could have far-reaching consequences for the crypto market, attracting institutional investors and encouraging increased investment.  
Some of the 14 asset managers vying for ETF approval have already revealed information such as sponsor fees and technical plans.  
Fidelity's proposed ETF has the lowest sponsor rate of 0.39%, while other firms have yet to reveal their rates. The competition among asset managers reflects the growing interest among investors in offering Bitcoin ETFs.  
Analysts believe that the SEC's approval of Bitcoin ETFs will have a significant impact on the cryptocurrency industry.  
The introduction of these ETFs is expected to entice more institutional investors, resulting in larger investments in the crypto market.  
This potential infusion of institutional capital is viewed as a significant step toward crypto mainstream adoption. 
The post <a href="https://optimisus.com/news/crypto-news/sec-may-signal-approval-for-bitcoin-etfs-paving-the-way-for-launches-by-january-10/" rel="noopener noreferrer nofollow">SEC May Signal Approval for Bitcoin ETFs, Paving the Way for Launches by January 10</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

SEC May Signal Approval for Bitcoin ETFs, Paving the Way for Launches by January 10

Optimisus

Other articles published on Jan 1, 2024

This Week, Can the SEC Make a Decision on Spot Bitcoin ETF Applications?

Ethereum ETF Approval Decision by SEC Deferred; Decentraland and RebelSatoshi Lead Altcoin Rally

Will the SEC Approve Bitcoin Spot ETFs Today? Cryptocurrency Journalist Explained

Analyst bullish on Fantom; Aptos and Meme Moguls also shine

What This Week’s US Nonfarm Payrolls Could Mean for Bitcoin (BTC)

ATOM flags bearish warning: Will prices hit $9?

Join our free newsletter for daily crypto updates!