Reporter and SEC logo with gavel

SEC, Stock Exchange Officials Meet Ahead of Potential Spot Bitcoin ETF Approval

The U.S. Securities and Exchange Commission met with major exchanges yesterday to discuss the pending applications for Bitcoin spot exchange-traded funds, according to people familiar with the matter.

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SEC and Bitcoin logos titled: Bitcoin spot etf approval expected this week

SEC Set to Approve First Spot Bitcoin ETFs This Week, Sources Say

The U.S. Securities and Exchange Commission (SEC) is expected to approve the first spot bitcoin exchange-traded funds (ETFs) as early as next week, according to sources familiar with the matter. This would mark a historic moment for the cryptocurrency industry, as spot bitcoin ETFs would allow investors to gain exposure to the price of the largest digital asset without having to buy and store it themselves. The SEC has previously approved futures-based bitcoin ETFs, which track contracts that trade on the Chicago Mercantile Exchange, but spot bitcoin ETFs are seen as more attractive and accessible for retail investors. The decision by the SEC could have a significant impact on the adoption and volatility of bitcoin, as well as the future of crypto-related financial products.

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