Top industry executives speculate that the United States could be on the verge of welcoming its first-ever spot-based Bitcoin exchange-traded fund (ETF).
According to a Reuters report today, the SEC and companies seeking to launch a spot Bitcoin ETF are now discussing the technical details for these products.
Notably, half a dozen industry executives told Reuters that the SEC may soon approve the launch of a spot Bitcoin ETF, given the advancement of talks.
Discussion Between SEC and Potential BTC ETF Issuers Advances
Per the report, the ongoing discussions between the SEC and firms seeking to launch a spot BTC ETF now cover specific technical details like custody arrangements, investor risk disclosures, as well as creation and redemption mechanisms.
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Interestingly, Reuters pointed out that Cathie Wood, CEO of Ark Invest – one of the companies seeking to…
