“Galaxy Digital predicts SEC approval for Bitcoin Spot ETF by January 10, 2024, following Grayscale lawsuit clearance”

Galaxy Digital founder Mike Novogratz recently stated in an interview that we will see the approval of a Bitcoin spot ETF by January 10th. The U.S. Securities and Exchange Commission (SEC) is currently reviewing over 10 applications for Bitcoin spot ETFs, and several analysts predict that they will be officially approved in January next year. According to the latest report from Cryptoslate, Mike Novogratz expressed his expectation that a Bitcoin spot ETF could be approved in early January. In a report released this week, analysts Vetle Lunde and Vice President Anders Helseth from crypto analysis firm K33 Research stated that they also anticipate the approval of a spot Bitcoin ETF in early January. The reason Novogratz predicts January 10th as the date is possibly related to the Ark 21Shares Bitcoin ETF application submitted by Ark Investment Management and 21Shares. This application has a final deadline for SEC review on January 10th, 2024. As for the important review dates for other ETFs, Bloomberg analyst James Seyffart listed the status of 13 Bitcoin spot ETFs as follows: (chart provided).