TLDR Summary
The Securities and Exchange Commission (SEC) is expected to make a decision on proposed spot bitcoin exchange-traded funds (ETFs) on Wednesday. If approved, trading could begin within 24 hours. While the SEC has not directly confirmed this, there is consensus among industry insiders that a decision will come on Wednesday. Various issuers have submitted updated registration statements and some have dropped their intended fees. It is not certain that all 11 proposed spot bitcoin ETFs will be approved, but analysts believe it is likely. If approved, there is still paperwork that needs to be completed before trading can begin.
Important Key points
– If the SEC approves the spot bitcoin ETF applications, trading could begin within 24 hours.
– Valkyrie co-founder Steven McClurg believes that the approval will be granted on Wednesday, with the launch taking place on Thursday.
– The SEC is dictating the process and determining the timeline for the approval and launch of the bitcoin ETFs.