SEC's Crucial Decision on Spot Bitcoin ETF Nears Deadline

SEC's Crucial Decision on Spot Bitcoin ETF Nears Deadline



Investment bank TD Cowen anticipates that the U.S. Securities and Exchange Commission (SEC) will greenlight a spot bitcoin exchange-traded fund (ETF) by January 10th, viewing it as a crucial move to assert its position in crypto regulation before Congress introduces wider crypto laws. This perspective, shared by Jaret Seiberg's team at TD Cowen, also suggests the SEC aims to avoid losing any legal battles over its previous rejections of bitcoin ETFs.



This deadline marks the final decision for the SEC on whether to approve or reject the joint application from Cathie Wood's ARK Investment and 21Shares for a spot bitcoin ETF, the first of its kind to be filed. The SEC's ruling could also encompass other similar proposals. Notably, over a dozen firms, including heavyweights like BlackRock and Fidelity, are in the running with their own


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