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JPMorgan officials expect multiple Spot Bitcoin ETF applications to be approved by the U.S Securities and Exchange Commission (SEC) soon.
Global investment giant JPMorgan analysts consider it a positive development that the U.S. Securities and Exchange Commission (SEC) did not object after losing a lawsuit against Grayscale Investments.
According to bank analysts, this situation likely means that the SEC may approve multiple spot Bitcoin ETF applications in the near future.
After this situation, JPMorgan analysts used the phrases “The timing of Spot Bitcoin ETF approvals still remains uncertain. However, it is expected to occur in the coming months, likely before the application deadlines of Ark Invest and 21Shares on January 10, 2024.”
The timing of Spot Bitcoin ETF approvals still remains uncertain. These developments are considered a significant turning point in the cryptocurrency market. Investors and industry representatives will likely closely monitor the potential impacts on the market following ETF approvals.
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Although the timing of Spot Bitcoin ETF approvals has not yet been definitively established, it is expected to occur in the coming months, likely before Ark Invest and 21Shares’ last application date on January 10, 2024.
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