The US Securities and Exchange Commission (SEC) has officially acknowledged the Bitcoin spot exchange-traded fund (ETF) applications submitted by BlackRock, VanEck, Invesco US, Fidelity, and WisdomTree, according to a report. The SEC is expected to approve or deny the applications by mid-March 2024, with a decision on the application from ARK/21Shares due by early January. This news is seen as a positive development for the cryptocurrency industry.

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