ਕ੍ਰਿਪਟੋਕਰੰਸੀ ਖ਼ਬਰਾਂਸਪਾਟ ਬਿਟਕੋਇਨ ETF 'ਤੇ SEC ਦਾ ਅਹਿਮ ਫੈਸਲਾ ਡੈੱਡਲਾਈਨ ਦੇ ਨੇੜੇ ਹੈ

ਸਪਾਟ ਬਿਟਕੋਇਨ ETF 'ਤੇ SEC ਦਾ ਅਹਿਮ ਫੈਸਲਾ ਡੈੱਡਲਾਈਨ ਦੇ ਨੇੜੇ ਹੈ

Investment bank TD Cowen anticipates that the U.S. Securities and Exchange Commission (SEC) will greenlight a spot bitcoin exchange-traded fund (ETF) by January 10th, viewing it as a crucial move to assert its position in crypto regulation before Congress introduces wider crypto laws. This perspective, shared by Jaret Seiberg’s team at TD Cowen, also suggests the SEC aims to avoid losing any legal battles over its previous rejections of bitcoin ETFs.

This deadline marks the final decision for the SEC on whether to approve or reject the joint application from Cathie Wood’s ARK Investment and 21Shares for a spot bitcoin ETF, the first of its kind to be filed. The SEC’s ruling could also encompass other similar proposals. Notably, over a dozen firms, including heavyweights like BlackRock and Fidelity, are in the running with their own spot bitcoin ETF applications.

Several analysts, including TD Cowen, are confident about the SEC’s impending approval of these ETFs by the upcoming week. A recent Reuters report, based on insider information, suggested that the SEC might reveal its decision on the 14 contenders for a spot bitcoin ETF potentially this week, ahead of the anticipated January 10 launch. The bitcoin market has seen a price surge to around $45,000, fueled by optimism about the SEC’s likely approval of these ETFs, which could usher in more institutional investment into the crypto sector.

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