EddieJayonCrypto
8 Jan 24
:With heightened anticipation for the approval of Spot Bitcoin ETFs, CNBC has reported the expectation for approval by Wednesday and potential trading by the end of the week. The looming deadline for prospective issuers is expected to bring about approval from the US Securities and Exchange Commissi...
With heightened anticipation for the approval of Spot Bitcoin ETFs, CNBC has reported the expectation for approval by Wednesday and potential trading by the end of the week. The looming deadline for prospective issuers is expected to bring about approval from the US Securities and Exchange Commission for multiple applicants, as there are over a dozen applications pending for the investment product. This development comes after months of excitement and speculation about the potential for the digital asset market in 2024.
For the past several months, the digital asset market has been buzzing with the potential in store for 2024. Specifically, that excitement was connected to the expected approval of various Spot Bitcoin ETFs in the United States. Although the investment product has yet to be approved in the country, the overall perception is that fact is set to change. Now, CNBC has predicted that Spot Bitcoin ETFs will see first approvals by Wednesday of this week. Moreover, they stated the belief that subsequent trading could begin as early as Thursday or Friday. Additionally, noting that the investment product will have several issuers receive the coveted approval nod.
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