You’ve probably heard that the Securities and Exchange Commission could soon greenlight ETFs that hold bitcoin directly. 

Such an approval would be a first for the US regulator.

Read more: The decade-long road to (possible) spot bitcoin ETF approval

The SEC has a Jan. 10 deadline to rule on one planned spot bitcoin ETF in particular: the fund proposed by Ark Invest and 21Shares. This is because they were the first — among the latest wave of 2023 filings — to re-submit an application for such a fund. 

BlackRock entered the race to launch a spot bitcoin ETF in June, starting a cascade of new and renewed efforts from a dozen or so issuers.

Analysts expect the regulator could rule…

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