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Wall Street analysts at JPMorgan and Bloomberg Intelligence made the prediction in a report out Wednesday. The note said it is “most likely” the SEC will approve a Bitcoin ETF before January 10, 2024.
Meanwhile, institutional investors are chomping at the bit for SEC approval to get some digital asset exposure in their portfolios.“The absence of a spot variant in the U.S. remains notable, even as the SEC has approved Bitcoin futures ETFs.” “The SEC chairman spoke to Bloomberg about his agency’s work on ETFs but refrained from anything more than general comments.”
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