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According to reports from insider sources linked to FOX Business, the US Securities and Exchange Commission (SEC) is preparing to approve the first Bitcoin Spot Exchange Fund (ETF) by January 10, 2024.
This potential announcement marks a major turning point towards the widespread recognition of Bitcoin as a cryptocurrency in the United States.
Major financial institutions, including leading companies such as BlackRock and Fidelity, have submitted about a dozen applications to launch Bitcoin ETFs, enabling real-time valuation of digital assets.
Although the SEC has not issued an official statement on the matter, recent signals from regulators suggest a positive outcome, which could include simultaneous approval of several requests.