Bloomberg analysts have increased the likelihood of the US Securities and Exchange Commission (SEC) approving a spot Bitcoin ETF to 90%. This follows updates to the prospectus by Ark Invest and 21Shares at the SEC's request. The analysts predict approval by 10 January, with constructive conversations between the SEC and applicants. Meanwhile, the SEC has decided not to appeal a court ruling allowing Grayscale to convert its GBTC product to a spot Bitcoin ETF.
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Bloomberg Analysts Raise Odds Of Spot Bitcoin ETF To 90%
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