The post SEC to Decide on Two Bitcoin Spot ETFs by the End of November! appeared first on Coinpedia Fintech News
The U.S. Securities and Exchange Commission (SEC) is set to make a decision on two Bitcoin spot exchange-traded funds (ETFs) in the coming weeks. Bloomberg analyst James Seyffart predicts that the SEC will approve the proposals submitted by Hashdex and Franklin on November 17 and Global X ETF on November 21. However, Seyffart believes that the SEC may delay its decision, but the likelihood of the Bitcoin spot ETF being approved before January 10, 2024, is still 90%. This news has sparked renewed optimism in the cryptocurrency market, as the approval of a Bitcoin spot ETF could lead to increased institutional investment in the digital asset.