SEC Spot BTC ETF’s Within Months
JPMorgan analysts predict that the SEC will likely approve several spot bitcoin ETFs before January 10, 2024, the deadline for certain filings like ARK Invest’s application.
This is the earliest deadline faced by the SEC across spot bitcoin ETF applications. The bank cited growing optimism around multiple approvals following the SEC’s inaction on appealing Grayscale’s win, which required the agency to reexamine a spot bitcoin ETF.
JPMorgan expects the SEC to approve ETFs from various applicants simultaneously to encourage fee competition.
While the exact timing is still uncertain, major financial institutions are expressing confidence in the approvals materializing in 2023 after years of setbacks.
(With inputs from Shikha Singh)
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