Approval for a Bitcoin ETF is on the horizon next year!

Ritu77 · Post time 12-12-2023 12:29:52

Edited by Ritu77 at 23-12-2023 05:42 PM

The U.S. Securities and Exchange Commission (SEC) has maintained a cautious stance on Bitcoin ETFs, expressing concerns about investor protection. However, after a court ruling in August deemed the SEC's rejection of Grayscale's ETF application incorrect, the SEC initiated substantive discussions.

Regarding the recent applications, the SEC is required to decide whether to approve ARK's application by January 10th. The current progress in discussions suggests that the SEC is likely to approve a Bitcoin ETF next year.

Meanwhile, the price of Bitcoin recently surged to its highest level in 20 months, surpassing $44,000.

Samiksha · Post time 12-12-2023 12:50:02

In that case, there are details to consider.

Kahn332 · Post time 13-12-2023 00:29:39

Reaching this stage indicates there are no major directional issues.

Kalkin995 · Post time 13-12-2023 00:35:35

This detail is also something to take a look at.

Pooja193 · Post time 13-12-2023 00:38:40

Understanding the technical details is necessary.