SEC Tweets out Bitcoin ETFs are approved? Not so fast.Crypto and Bitcoin ETFs are not there yet.

Apparently, the SEC X account went rogue yesterday after it was announced Spot Bitcoin ETF's are approved for trading! This gave Bitcoin a boost, but the message was later retracted! When will they be available? Very soon! Top 2024 Crypto and Bitcoin ETFs Revealed by SEC.

As of January 2024, there are a significant number of Spot Bitcoin ETFs awaiting approval from the U.S. Securities and Exchange Commission (SEC). These include applications from major industry players such as BlackRock, Fidelity, and Invesco. The decision on these ETFs is highly anticipated, as it will not only affect the individual applications but also set a precedent for future crypto-related financial products. The approval of these ETFs is seen as a crucial step towards the broader adoption of Bitcoin and its integration into mainstream financial markets.

The list of pending Bitcoin ETF applications and their deadlines are as follows:

1. Grayscale: GBTC, with an expected response date between January 5 and January 10, 2024, and a final deadline of January 1, 2024.

2. ARK and 21Shares: ARKB, expected response between January 5 and January 10, 2024, with a final deadline of January 10, 2024.

3. Bitwise: BITB, with an expected response between January 5 and January 10, 2024, and a final deadline of January 14, 2024.

4. Blackrock (iShares): IBTC, expected response between January 5 and January 10, 2024, and a final deadline of January 15, 2024.

5. VanEck: Expected response between January 5 and January 10, 2024, with a final deadline of January 15, 2024.

6. WisdomTree: BTCW, expected response between January 5 and January 10, 2024, and a final deadline of January 15, 2024.

7. Invesco Galaxy: BTCO, expected response between January 5 and January 10, 2024, and a final deadline of January 15, 2024.

8. Fidelity (Wise Origin): Expected response between January 5 and January 10, 2024, and a final deadline of January 15, 2024.

9. Valkyrie: BRRR, expected response between January 5 and January 10, 2024, and a final deadline of January 17, 2024.

10. Global X: Expected response between January 5 and January 10, 2024, and a final deadline of February 19, 2024.

11. Hashdex: DEFI, expected response between January 5 and January 10, 2024, and a final deadline of March 31, 2024.

12. Franklin Templeton: Expected response between January 5 and January 10, 2024, and a final deadline of March 31, 2024.

13. Pando Asset: Expected response between January 5 and January 10, 2024, with the final deadline unknown.

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These dates represent crucial decision points for investors and the cryptocurrency community, indicating the SEC’s final stance on these high-profile applications. Among the applicants, BlackRock is particularly notable due to its vast assets under management and partnership with Coinbase, positioning it as a strong contender in the race for Bitcoin ETF approval​​​​​​​​​​.

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