As the January 10 deadline approaches for the US Securities and Exchange Commission (SEC) to decide on Ark Investments and 21Shares’ proposed spot Bitcoin ETF, a recent Reuters report suggests that the SEC is poised to notify asset managers about the approval of their applications as early as next week. This move could allow firms that met the year-end deadline, including Valkyrie, Bitwise, WisdomTree, Franklin Templeton, BlackRock, VanEck, and Invesco, to launch in sync with the decision deadline.
Among the 14 asset managers vying for approval, several have already submitted detailed forms to the SEC, including sponsor fees. Fidelity stands out with the lowest proposed sponsor rate of 0.39%. However, many firms are yet to disclose their rates. This development is seen as a significant step towards attracting more institutional investment into the crypto industry. Analysts anticipate that the approval of spot Bitcoin ETFs could have a substantial impact on the sector.
Reuters Report
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