Bitcoin ETF Approval Prospects Rise as Major Issuers Meet with SEC, Revise Filings
• Several Bitcoin ETF issuers like BlackRock, Grayscale, Franklin, and Fidelity have recently met with the SEC, increasing chances of approval.
• BlackRock has revised its spot BTC ETF application to enable large bank participation. The SEC must decide by Jan 15.
• Valkyrie's Steven McClurg says things are "very close" on spot ETF approval, with potential launch after Jan 2.
• In addition to the above, Bitwise, VanEck, WisdomTree, Invesco Galaxy, and Hashdex are also seeking ETF approval.
• Getting $100 billion in inflows from a Bitcoin ETF approval would be an "extreme outlier success case," per analyst.