JPMorgan expects spot Bitcoin ETF to be approved “within months”
Morgan Stanley analysts led by Nikolaos Panigirtzoglou believe that the US Securities and Exchange Commission (SEC) may approve multiple spot Bitcoin ETF applications in "several months". The analysts stated that the decision by the SEC not to appeal the Grayscale court ruling has increased "optimism" for such approvals. The report states that the approval time for spot Bitcoin ETFs is still unclear, but it should be completed within a few months, most likely before January 10, 2024, the final deadline for Ark Invest and 21Shares' applications. This is the earliest of various final deadlines that the SEC faces in spot Bitcoin ETF applications.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Tariff fears wipe out SOL’s weekend gains
On the news that SOL would be part of Trump’s upcoming strategic reserve, SOL quickly surged before seeing an equally swift retracement
Bitget Spot Bot adds ROAM/USDT
XRP Kangaroo Phase Targets $27 to $222, as XRP Gears Up for Next Big Leap
Crypto prices
More
