The Securities and Exchange Commission (SEC) may potentially approve all twelve pending spot Bitcoin exchange-traded fund (ETF) applications within a timeframe from November 9 to November 17. Bloomberg ETF analysts believe there is a 90% chance of spot Bitcoin ETF approvals by January 10. The SEC has extended the deadline for several filings, leading to the possibility of approval during this period. After November 17, the comment period for three filings would restart, delaying their decisions until after November 23. Cryptocurrency asset manager Grayscale is reportedly discussing its application to convert its flagship trust product into a spot Bitcoin ETF with the SEC. The potential approval of a Bitcoin ETF has increased optimism in the crypto market and could attract billions of dollars in investments.
AI Sentiment: Positive
