SEC Has Multiple Bitcoin ETF Applications Under Review, Fueling Speculation of Imminent Approval
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The SEC has 8-10 filings for possible bitcoin ETF products under consideration, according to SEC Chair Gary Gensler.
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Bitcoin has rallied this week on speculation that SEC approval of a spot bitcoin ETF is imminent. To date, the SEC has only approved bitcoin futures ETFs.
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Cathie Wood's ARK Invest has an application at the front of the line, with a 240-day comment period expiring Jan. 10, 2024.
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BlackRock, Bitwise, WisdomTree, Fidelity and Invesco are among firms with pending bitcoin fund applications.
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Anticipation is rising after the SEC opted not to appeal a court ruling saying it was wrong to reject a Grayscale application for a spot bitcoin ETF.
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