The first Bitcoin spot ETF could arrive within the next 60-70 days according to crypto YouTuber Crypto Rover.
In a recent thread, Rover argued Grayscale’s legal victory over the SEC establishes a precedent that paves the way for approving spot crypto ETFs.
With that regulatory roadblock cleared, Rover believes the SEC will act on spot Bitcoin ETF applications prior to the earliest deadline of January 10th for Ark Investment’s filing.
Major asset managers like Ark, Grayscale, and others have spot Bitcoin ETFs queued up awaiting SEC approval. The regulatory climate now appears more favorable following Grayscale’s win.
Rover contends the SEC will look to greenlight at least one spot Bitcoin ETF before the impending deadline to avoid another potential legal dispute over rejected filings.
The analyst’s predicted 60-70 day timeline would put a spot Bitcoin ETF approval around late November or December. This matches other expert projections.
After years of vehement rejection, the SEC now faces pressure to finally sanction spot crypto ETFs in the wake of its court loss. Approving the pioneering Bitcoin fund within months would cap a monumental shift in policy.
For both the crypto space and investment community eager for the convenience of a listed Bitcoin product, the finish line may at last be in sight.
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