SEC Nears Decision on Spot Bitcoin ETFs

CNBC forecasts that the U.S. Securities and Exchange Commission (SEC) might greenlight a spot Bitcoin ETF this week, leading to trading activities starting as soon as the next business day.

The U.S. SEC is on the brink of making a decision regarding spot Bitcoin ETFs, with trading potentially kicking off by the end of the week. The expected approval, targeted for Wednesday, marks a critical moment for numerous hopefuls aiming to join the rapidly expanding market.

Kate Rooney, a CNBC reporter, cites trustworthy sources indicating that the SEC is likely to approve spot Bitcoin ETFs this week, possibly triggering a trading boom as soon as Thursday or Friday.

If realized, this move could signal a significant shift in the landscape of digital asset investments in the U.S., paving the way for various applicants.

Rooney keenly points out the intensifying rivalry among ETF providers, predicting an upcoming “price war” over spot Bitcoin ETF fees. As numerous applications await regulatory review, major players like BlackRock, Fidelity, and Grayscale are preparing for a robust competition to attract investors, both in the pre-approval promotional efforts and in the ensuing fee structure.

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