The U.S. Securities and Exchange Commission (SEC) is currently providing final comments on spot Bitcoin exchange-traded fund (ETF) filings, as per an ETF analyst. The analyst noted that the eagerly anticipated crypto investment vehicle is "close to done."
Online rumors suggesting that the SEC will approve spot Bitcoin ETF proposals this week have been widespread. However, recently published research from crypto financial services platform Matrixport titled "Why the SEC will REJECT Bitcoin Spot ETFs again" states that the regulator will reject all applications this month.
