IT'S COMING đ !
Just now six out of 13 who have filed for spot BTC etf have annouced their fees , but the actual date is still yet to be announce .
Approval anticipation heats up- Speculation about a potential January 5th approval for a spot Bitcoin ETF has been running high, contributing to a recent price rebound for Bitcoin. However, some analysts caution against excessive optimism, suggesting approval is more likely between January 8th and 10th.
SEC in final stages- The SEC is reportedly providing final comments to applicants, suggesting issuers will soon file their final forms for approval. Both the 19b-4 and S-1 forms need SEC approval before an ETF can start trading, though an approved 19b-4 is considered the key hurdle.
Other key points:
Institutions' interest wanes slightly: Despite growing enthusiasm in 2023, institutional interest in crypto appears to be cooling slightly as the ETF approval nears.
Bitcoin price rebounds- The anticipation of a spot ETF has buoyed Bitcoin's price, which currently sits above $44,500 after dipping below $41,000 earlier in the week.
BlackRock paves the way for Grayscale LTC ETF: Grayscale, a prominent crypto asset manager, may be able to convert its Litecoin Trust into an ETF thanks to BlackRock's ETF filing.
Market reactions- Mixed reactions continue across the crypto market, with some expecting a major rally from a spot ETF approval while others remain cautious about potential downsides.
Remember, the situation is still fluid and the exact timing of the ETF approval remains uncertain.
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