Posted 10/20/2023, 9:59:00 AM
SEC Spot Bitcoin ETF Approval Seen as Likely in Coming Months
- SEC likely to approve spot Bitcoin ETF in coming months according to JPMorgan
- Recent Grayscale ruling brings approval closer as SEC chose not to appeal
- Approval could happen before Jan. 10 deadline for Ark 21Shares ETF applications
- JPMorgan expects SEC to approve multiple applications at once rather than give first mover advantage
- Grayscale may face pressure to lower fees if approved to convert trust to ETF
