Will SEC Greenlight A Spot Bitcoin ETF? Crypto Investors Wait In Anticipation
Crypto investors are eagerly awaiting an important decision from the Securities and Exchange Commission (SEC) regarding the potential establishment of a spot Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF). According to Barron’s, this decision could significantly impact the cryptocurrency. Companies such as Fidelity, BlackRock (NYSE:BLK), and Invesco (NYSE:IVZ) have submitted applications to launch their own Bitcoin ETFs. If approved, this could result in a significant influx of funds into Bitcoin. Grayscale Investments has been trying for years to convert its Grayscale Bitcoin Trust into an …