⚡ ETF's: 14 Riders on the Starting Grid⚡

🔸The Security Exchange Commission is set to notify approved #ETFApproval2024 issuers ahead of the January 10 launch deadline, marking a pivotal moment for the ecosystem.

🔸As the deadline approaches the regulatory agency is preparing to inform asset managers about the fate of their own applications. According to a recent Reuters report, the notifications could arrive on Tuesday or Wednesday of next week.

🔸Asset managers that met the year-end deadline such as Ark Invest and 21Shares are in a race against time, with the aim of launching their#ETFsbefore the date, crucial for making decisions.

🔸Notable contenders include Valkyrie, Bitwise, WisdomTree, Franklin Templeton, BlackRock, VanEck, and Invesco. The first notifications could pave the way for those who comply with regulatory approval.

🔸Among the 14 asset managers competing for approval of similar #ETFs, some have already submitted detailed forms to the SEC, outlining sponsor fees and technical details.

🔸The#ETFproposed by Fidelity leads the pack with the lowest sponsor rate with an impressive 0.39%. While others are "silent" about their rates, as competition is intensifying.