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International Business Times
International Business Times
Business
Nica Osorio

Spot Bitcoin ETF In US To Get 'Green Light' On Jan. 10: Report

Bitcoin SEC ETF United States James Seyffart Galaxy Digital Grayscale Mike Novogratz
Bitcoin on gamer keyboard (Credit: QuoteInspector.com/flickr)

KEY POINTS

  • The SEC will reportedly announce its decision on spot Bitcoin ETF applications on Jan. 10
  • The date is a little bit later than the timeline predicted by Galaxy Digital CEO Mike Novogratz
  • Analyst James Seyffart said earlier this month that the SEC window for possible approvals would be between Jan. 5 and 10

Wall Street giants who submitted proposals to become issuers of spot Bitcoin exchange-traded fund (ETF) in the U.S. are growing increasingly confident that approval is on the horizon, especially since a new report has claimed that the crypto investment vehicle will be given the "green light" on Jan. 10, 2024.

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