JPMorgan analysts suggest that a spot Bitcoin ETF could be approved and available on the market by Christmas, while Bloomberg Intelligence analysts also predict a 90% likelihood of approval in January.
Coinbase’s chief legal officer, Paul Grewal, expresses confidence that the SEC will grant approval soon.
Amid all the current developments surrounding the spot Bitcoin ETF approval, JPMorgan analysts stated that the ETF product could be available in the market by this Christmas. In a report released on Wednesday, the leading investment bank indicated that it is highly probable that a spot Bitcoin ETF could receive approval before January 10. Analysts from Bloomberg Intelligence also stated that there is a 90% likelihood that a Bitcoin ETF will be approved in January.
A spot Bitcoin ETF has yet to materialize in the United States, despite investor demand for a secure and accessible way to gain exposure to cryptocurrencies. Regulatory hurdles have impeded the introduction of a spot Bitco

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