We may have the primary spot Bitcoin ETF available on the market close to the tip of this yr, as Grayscale intends to file for SEC approval for its product by “early next week,” according to CNBC.
The official Grayscale submitting will kick off a 75-day evaluation interval for the SEC to both approve or deny the proposed spot Bitcoin ETF, a primary of its type, physically-settled, bitcoin monetary product.
Bitcoin Futures ETF Opens The Door
After the approval for a Bitcoin futures ETF by corporations ProShares and Valkyrie, the motion seems to have opened the door for a right away path to a physically-settled Bitcoin ETF coming to market.
