SEC Decision on Spot Bitcoin ETFs Expected Tomorrow
The Securities and Exchange Commission (SEC) is set to make a decision on proposed spot bitcoin exchange-traded funds (ETFs) on Wednesday. If the commission approves the applications, trading could begin within 24 hours, according to Bloomberg Intelligence analyst James Seyffart. However, the approval is contingent on the SEC approving the stock exchanges’ proposals and deeming the issuers’ registration statements effective.
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