SEC Expected to Approve Spot Bitcoin ETF in Coming Days
Reports suggest that the United States Securities and Exchange Commission (SEC) is likely to approve the spot Bitcoin ETF in the coming days, subject to clearance of the necessary forms. The SEC is expected to vote on the 19b-4 forms soon, and the ETF applicants are expected to file form S-1 by January 8, 2024. The chance of rejection for the ETF is reportedly down to 5%, following meetings between SEC officials and representatives of firms seeking approval. If approved, the ETFs could start trading as soon as the next business day, potentially paving the way for institutional investment in the crypto market.
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