SEC May Soon Inform BlackRock And Others of their Approved ETF
SEC may soon approve Bitcoin ETFs, with firms like Ark Investments set to launch by Jan 10, potentially boosting crypto investments.
According to speculations from experts. The SEC may soon inform asset managers about the approval of spot Bitcoin ETFs. Firms like Ark Investments, 21Shares, Valkyrie, and others who met the end-of-year submission deadline would possibly launch their ETFs by January 10.
Several of the 14 asset managers competing for ETF approval have detailed their sponsor fees and technical plans. Fidelity's proposed ETF stands out with the lowest sponsor rate at 0.39%, while others are yet to reveal their rates.
Analysts expect the approval of these Bitcoin ETFs to attract more institutional investors to the cryptocurrency industry. This move could significantly impact the crypto market by bringing in larger investments.
