๐ฅ According to a former Managing Director at BlackRock, there's a strong likelihood of the U.S. SEC giving the green light to all spot Bitcoin ETFs simultaneously.
๐ฎ This lines up with my expectations, particularly in the wake of Grayscale's recent triumph over the SEC with their Bitcoin spot ETF.
๐ It's foreseen that all spot ETFs will secure approval well before the final deadline for the initial Bitcoin spot ETF application.
๐ Cathie Wood's Ark Investment takes the lead with a January 11th deadline for their Bitcoin spot ETF.
๐๐ป So, buckle up! The first Bitcoin spot ETF is poised to enter the market in the next 60-90 days โก๏ธ