Analysts predict that the Securities and Exchange Commission (SEC) will approve spot Bitcoin ETF applications in January 2024, following the approval of Bitcoin (BTC) Futures ETFs in October 2021 and Ether (ETH) Futures ETFs in October 2023.

In anticipation, traditional financial institutions also applied to issue spot Ether ETFs. Since applicants like BlackRock have a near-perfect track record in obtaining SEC approval for their ETFs, spot Ether ETFs are likely to be approved, too. However, the SEC might approve them only after their Bitcoin counterparts, which would mean approval of Ether ETFs in late 2024 or early 2025.

If approved, spot Bitcoin and Ether ETFs will attract millions of…

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