October 29th, 2025
Applicants have submitted final S-1 amendments for proposed spot Bitcoin ETF approvals expected from Wednesday.
US SEC is expected to greenlight the first spot Bitcoin ETF this week, opening the door for a possible $10 billion inflow in 2024.
For Bitcoin to compete with major currencies as a world reserve currency, more merchants must accept it for payment to further improve existing liquidity.
Despite the uncertainty in traditional markets, Bitcoin’s resilience may be supported by the anticipation of the launch of a spot ETF in the United States.
The financial regulator began issuing warnings against FOMO in January 2021 amidst a soaring crypto and equities bull market.
The imminent approval of Bitcoin spot ETFs in the United States is expected to pave the way for more fund managers to apply for Ethereum spot ETFs in the near future.
Nearly 28K Bitcoins have been deposited in crypto exchanges in the past week led by BTC miners thus signaling possible price correction in the short term.
If approved, VanEck’s filing would establish one of the first spot Bitcoin ETFs in the United States.
Grayscale and VanEck, alongside other firms, have submitted Form 8-A to the SEC, marking a significant move towards potential approval of the first spot Bitcoin ETF in the US.
Recent meetings of major exchanges, including NYSE, Nasdaq Composite, the Chicago Board Options Exchange, and the SEC have sparked speculation about the timing and potential approval of a spot Bitcoin ETF.
This latest sale also follows the pattern of ARK Invest of closely monitoring not only the price of the assets it holds but their value compared to other assets.
Insiders familiar with the proceedings indicate that the SEC may begin notifying issuers of approval starting Friday, paving the way for potential trading to commence as early as the following week.
The Matrixport founder believes that, in the long run, BTC will maintain its position as a store of value and a risk-hedging asset, surpassing gold.
According to sources familiar with the ongoing ETF proceedings, an approval could be announced on Friday, with trading beginning as early as next Monday.
Goldman Sachs’ Head of Digital Assets Mathew McDermott has emphasized the potential impact of approving spot Bitcoin and Ether ETFs on the cryptocurrency market.