SEC May Allow Trading of Bitcoin Spot ETFs Next Week Following Approval

According to sources and wide speculations, the U.S. Securities and Exchange Commission (SEC) may permit the trading of Bitcoin Spot ETFs on Tuesday or Wednesday of the week following approval, expected on January 10. Valkyrie, Ark, 21Shares, Fidelity Wise Origin Bitcoin Fund, and Invesco are among the asset management firms seeking approval for Bitcoin Spot ETFs. Valkyrie plans to charge a 0.80% management fee if approved. Fidelity Wise Origin Bitcoin Fund has the lowest fee at 0.39%, while Invesco aims for a 0.59% fee, which may be waived for six months on the first $5 billion in assets attracted. First week of 2024will be exciting for Crypto traders. (Source: Bitcoinsistemi)