Bitcoin Spot ETF Approval Looking More Likely, With Multiple Amended Applications Addressing SEC Concerns
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Lawyer suggests Bitcoin spot ETF could get approved at SEC's closed meeting on Nov 2, based on prior leak before Bitcoin futures ETF approval.
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Multiple Bitcoin spot ETF applications recently amended to address SEC concerns around consistent standards and seeding.
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Amendments point to possibility of SEC approving batch of spot ETFs soon.
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Analysts estimate 90% chance of approval for Ark Invest's spot Bitcoin ETF application.
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Strong demand demonstrated for Bitcoin investment vehicles like GBTC and BITO futures ETF hints at appetite for spot Bitcoin ETF.