11 contenders for spot Bitcoin ETFs have taken a pivotal step forward. With the submission of crucial 19b-4 amendments, the stage is set for the SEC’s impending decision, anticipated within the coming days.
Leading asset managers, including BlackRock, Grayscale, and Fidelity, are among the applicants poised for a potential green light from the U.S. Securities and Exchange Commission. This move could signal a watershed moment for direct crypto exposure through U.S. exchanges.
Experts are eyeing a swift resolution, with speculations of approvals possibly unfurling by January 10, notably for ARK Invest’s offering. Such a breakthrough promises to bolster crypto’s integration into mainstream investment portfolios, both domestically and globally.
Despite a buzz of optimism from Bloomberg’s Eric Balchunas, financial advisers remain split, with a mere 39 expressing confidence in a 2024 approval, as per a Bitwise survey. The market awaits with bated breath, as the SEC’s verdict looms, potentially reshaping the investment landscape.
