What to know as an SEC decision on spot bitcoin ETFs looms

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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