SEC Has Brief Window to Potentially Approve Bitcoin ETFs, Bringing Major Market Implications
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Starting tomorrow, the SEC has a brief window to potentially approve 12 pending Bitcoin ETF applications.
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Approvals could include BlackRock, Bitwise, VanEck, and Grayscale Bitcoin Trust conversion.
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Bloomberg analysts believe this window makes sense based on SEC's previous deadline extensions.
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Even if SEC approves, funds still need separate registration statement approval before trading.
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Analysts estimate a Bitcoin ETF could attract $50B - $100B in inflows over 5 years, shifting market dynamics.