As industry watchers eye the potential approval of spot bitcoin ETFs, one analyst says specific application updates in the coming days could be the difference between firms being able to launch such products, and not.
The US Securities and Exchange Commission is set to rule on a spot bitcoin ETF proposal by Ark Invest and 21Shares by Jan. 10. Some segment observers have said they expect the regulator to rule on other similar planned products at that time.
The regulator set a Dec. 29 deadline for fund groups to submit final updates to their bitcoin ETF filings, Reuters reported last week, citing unnamed firm executives.
Would-be issuers of these funds have met with the SEC in…
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