The U.S. Securities and Exchange Commission (SEC) continues detailed discussions with asset managers who have applied for spot Bitcoin ETF products, according to Reuters. The discussions between the regulatory agency and issuers reportedly focus on custody conditions, redemption mechanisms, and investor risk disclosures. According to experts, this situation increases the likelihood of regulators approving spot Bitcoin ETF products in the near future.
Critical Day on January 10
The SEC must make a decision on the spot Bitcoin ETF application from Ark Invest, the first to apply, by January 10 at the latest. Experts emphasize the critical importance of this date and note that other eligible applications may also be evaluated during the same period.
Potential ETF Approval Could Generate $3 Billion in Demand Initially!
Furthermore, the SEC is requesting detailed explanations from companies on these matters to ensure that investors understand their risks thoroughly. Spot Bitcoin ETF experts also anticipate that a potential approval could initially generate demand of up to $3 billion.