As 2023 ended, the SEC's stance on Bitcoin ETFs (Exchange-Traded Funds) remained a hot topic. Expectations for early 2024 include potential approvals, which could significantly impact the cryptocurrency market. The introduction of Bitcoin ETFs is anticipated to bring greater legitimacy and investor participation in the crypto space. The price of Bitcoin has surged in 2023 as investors await approval for the first U.S. spot Bitcoin exchange-traded fund. In response, the digital currency topped $44,000 for the first time since April 2022, with YTD gains rising to above 160%.
Discussions between the SEC and asset managers have advanced towards more technical details, signaling to experts that approval could be imminent.
Story by Vanessa Vasquez, Editor-in-Chief NewsUSA Tech
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