The Securities and Exchange Commission (SEC) deadline for Grayscale’s bitcoin Exchange-Traded Fund (ETF) dispute is approaching. Grayscale, along with other financial firms like BlackRock and Fidelity, have applied for approval to launch spot bitcoin ETFs. The approval process involves multiple divisions at the SEC, and it is unknown whether several applicants will be approved at once or if the process will be based on the order of applications received. Even if approved, it remains uncertain when the first spot bitcoin ETF will go live. The industry hopes that a spot ETF will attract mainstream investors to bitcoin.
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