Grayscale has filed a registration of securities with the SEC for its Spot Bitcoin ETF, indicating a possible near-future approval. Fidelity has submitted a similar filing, as both are among the many applicants awaiting the SEC’s decision.
The industry is abuzz with anticipation for the potential launch of a Spot Bitcoin ETF, which could significantly impact the market’s prevalence. Grayscale, a leading digital asset manager, joins the ranks alongside Fidelity, and Goldman Sachs is looking to become an Authorized Participant (AP).
Bloomberg analyst James Seyffart suggests that the SEC is hinting at forthcoming approvals based on recent meetings, predicting that approvals could happen between January 8th and 10th. Grayscale aims to transform its Grayscale Bitcoin Trust into one of the first Spot Bitcoin ETFs in the U.S.
