EddieJayonCrypto
4 Jan 24
Recent data suggests a shift in the SEC's stance on spot Bitcoin ETFs, especially among Wall Street players, with institutional investors making amendments to their prospectuses to allocate up to 15% of their assets under management to Bitcoin. This move is significant for Bitcoin and the broader cr...
Recent data suggests a shift in the SEC's stance on spot Bitcoin ETFs, especially among Wall Street players, with institutional investors making amendments to their prospectuses to allocate up to 15% of their assets under management to Bitcoin. This move is significant for Bitcoin and the broader crypto market, indicating increasing bullishness and demand from deep-pocketed institutional investors. Although the SEC has hesitated to approve spot Bitcoin ETFs, growing interest from institutional investors and politicians could force the regulator to reconsider its position, potentially leading to the approval of the first spot Bitcoin ETF in January 2023.
The U.S. Securities and Exchange Commission (SEC) has been a long-standing roadblock to the approval of spot Bitcoin ETFs. Taking to X on January 3, Marty Party observed that a growing number of funds traditionally invest in securities are now making amendments to their prospectuses to allocate up to 15% of their assets under management (AUM) to Bitcoin. Institutional investors are increasingly bullish on Bitcoin, and this may indicate pressure on the SEC to approve spot Bitcoin ETFs, given the demand for Bitcoin and other crypto derivatives among deep-pocketed institutional investors.
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