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JP Morgan, the US-based banking giant, discussed Spot Bitcoin ETF applications and the current status of these applications in a research report published on Wednesday. The JP Morgan report stated that it is likely that the applications will be approved by the SEC in the coming months. Additionally, JP Morgan analysts noted that recent developments have significantly strengthened expectations for the approval of ETF applications.
Market’s Attention Turns to SEC’s Decision on ETF Applications
Recent developments, including asset management company BlackRock’s Spot Bitcoin ETF application and Grayscale winning its SEC case, have strengthened expectations that the SEC may give the green light to Spot Bitcoin ETFs. Many analysts expressed that ETF applications are now very close to SEC approval.
Indeed, JP Morgan also addressed the current status of ETF applications in a research report published during the week. JP Morgan analysts stated that it is likely that Spot Bitcoin ETF applications will be approved by the US Securities and Exchange Commission (SEC) in the coming months.
JP Morgan Report
JP Morgan, the US-based banking giant, published a new research report on Wednesday. The report provided an evaluation of Spot Bitcoin ETF applications and the current status of these applications.
JP Morgan analysts stated that Bitcoin (BTC) has gained value and showed an upward trend during the week due to increasing optimism that ETF applications could potentially be approved. The analysts also noted that recent developments, particularly the decision in the Grayscale case, have strengthened expectations for the approval of Spot Bitcoin ETF applications.
The JP Morgan report stated that it is likely that Spot Bitcoin ETF applications will be approved by the US Securities and Exchange Commission in the coming months. Bloomberg analysts, along with JP Morgan analysts, have also emphasized that expectations for ETF approval have significantly strengthened in recent weeks.
