Bitcoin ETF approval is expected next year! The U.S. SEC is already discussing key technical details

来源:网友投稿   发布时间:2023-12-08   浏览次数:8158    看图模式


According to media reports, discussions between the U.S. Securities Commission (SEC) and asset management companies have progressed to key technical details on whether to allow the launch of Bitcoin exchange-traded funds (ETFs), indicating that Bitcoin ETFs are expected to be approved.

Current negotiations involve custody arrangements, subscription and redemption mechanisms and investor risk disclosures. If approved, a Bitcoin ETF could provide investors with the opportunity to invest in Bitcoin through a regulated public market, with initial demand expected to reach $3 billion.

It is reported that 13 companies including Grayscale Investments, BlackRock (NYSE:BLK), Invesco and ARK Investments are waiting for the approval of ETF applications.

However, the U.S. Securities and Exchange Commission has been cautious about Bitcoin ETFs, with regulators concerned about investor protection issues. But after an August court ruling found that the SEC was incorrect in rejecting Grayscale’s ETF application, the SEC began substantive discussions.

As for the latest application, the SEC has until January 10 to decide whether to approve the application submitted by ARK, and the current progress of the discussions indicates that the SEC is likely to approve the Bitcoin ETF next year.

At the same time, the price of Bitcoin has soared to its highest level in 20 months in recent days, rising above $44,000.

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