According to The BlockBeats: Selected sources suggest that the U.S. Securities and Exchange Commission (SEC) is set to approve Bitcoin spot Exchange-Traded Funds (ETFs) in early 2024. According to a report by BlockBeats on December 24, officials from the SEC have reportedly met with representatives from at least seven issuers looking to launch Bitcoin spot ETFs during this period.

Regarding the partnership between ARK Investments and 21 Shares, the SEC will decide whether to greenlight or decline their joint proposal come January 10 next year. Most issuers are apparently expecting the SEC to approve multiple applications simultaneously prior to the deadline.

Executives from two of the issuers indicate that the SEC is mandating they submit their final revised applications by or before December 29. Those who fail to meet this deadline will miss out on the opportunity to be part of the first wave of approved companies coming early January.

These forthcoming ETFs have the potential to usher in a new era for Bitcoin investments, making it more accessible to a broader pool of investors and potentially driving up the demand and price of the cryptocurrency.