Sources: The SEC will approve a Bitcoin spot ETF in early 2024, with application submission deadline on December 29

The SEC earlier met with representatives from at least seven issuers hoping to launch Bitcoin spot ETFs in early 2024. It will decide whether to approve or reject the joint draft submitted by ARK Investments and 21 Shares on January 10 next year, and most issuers expect the SEC to eventually approve multiple applications at the same time before the deadline.

Executives of the two issuers who met with the SEC said that the SEC requires them to submit the final revised version of their applications on or before December 29. Issuers that fail to submit by the relevant date will not be among the first batch of approved applications in early January. Among the first batch of potential Bitcoin spot ETF candidates.

In fact, no matter in terms of time and appearance in DTCC, or in terms of scale, ARKB will definitely have to pass SEC US approval. There is no reason to refuse. At the same time, ARK CEO Mu Mu is a person in the currency circle. She is known as the female Buffett of Wall Street and is also a good friend of Musk. I wonder if Musk will tweet about ARKB. The only surprise now is that other ETFs have been approved at the same time as ARKB. In order to avoid monopoly and unfair competition in time.

#ARKB是BRC20一道靓丽的风景线美国sec批准的第一个比特币现货ETF， #sats作为gas奠定了BRC20新龙头位置，可布局一些ARKB #Ordi就是BRC20的大饼，ARKB是etf叙事的龙头币。 #rats老鼠币BRC20动物园之首，ARKB值得购买的ETF龙头 #arkb $BTC $BNB $XRP