Fund parties most likely to be approved for ETFs:

ARK Invest CEO Cathie Wood said the U.S. Securities and Exchange Commission (SEC) is beginning to change its attitude toward the company’s application for a spot market Bitcoin (BTC) exchange-traded fund (ETF). Speaking to CNBC, Wood said there has been a healthy exchange of information between the SEC and ARK Invest’s BTC ETF partner 21Shares. "Our partner in Europe, 21Shares, did answer or send information in response to the SEC's questions...What we are seeing here is a little bit of a change in SEC behavior. They are actually asking questions and we, along with our partners, are providing It took five pages to answer these questions. So we can say that we are making progress.” The SEC must make a final decision on the status of the ARK 21 Equity Bitcoin ETF application on January 10, which is earlier than the final deadline for other spot market BTC ETFs. About three months too early.

Wood also said that once the SEC approves a Bitcoin ETF, the institutional floodgates will open. “I think a lot of people are looking at our Bitcoin price target, our base forecast is over $600,000 by 2030, and they really want to understand that. Maybe they just want to know about our research, but they’re definitely paying attention Is this a new asset class that I should look into? I would say, especially when institutions see the SEC seal of approval in this way, I think that will ultimately bring institutional interest to Bitcoin.”