Current Status and Outlook of #SECETF审批

Currently, the SEC has approved Bitcoin futures ETFs (tracking futures prices), but the approval for spot Bitcoin ETFs remains a 'back-and-forth' situation. Several institutions (such as Grayscale and BlackRock) have submitted applications multiple times, and although they have been repeatedly rejected, they continue to push forward after modifying their proposals. The market generally expects that as the regulatory framework becomes clearer, the approval for spot ETFs is just a matter of time—it could be one of the biggest catalysts for the cryptocurrency market in 2024-2025.