As of January 10, 2024, there is significant anticipation and expectation in the financial sector that the U.S. Securities and Exchange Commission (SEC) will approve the first spot Bitcoin Exchange-Traded Fund (ETF). Major financial firms, including BlackRock, Ark Investment, and Fidelity, are among those awaiting this decision. This approval is seen as a milestone that could significantly boost the mainstream acceptance and legitimacy of cryptocurrencies in the U.S. financial market. The SEC's decision is particularly notable as it marks a shift from its previously cautious stance on cryptocurrency investments. However, it's important to note that the SEC has insisted on cash, rather than Bitcoin, for ETF transactions, which is a deviation from typical practices in traditional ETFs.#BTC-ETF. #BTCETFSPOT #SECApprovalJourney