Bitcoin ETF Approval by SEC Appears Imminent

Advanced discussions on key technical details signal possible approval of Bitcoin ETF applications from firms including Grayscale Investments, BlackRock, Invesco, and ARK Investments.

Discussions between the U.S. Securities and Exchange Commission (SEC) and asset managers hoping to list Bitcoin ETFs have advanced to key technical details, indicating the agency may soon approve the products.
Thirteen firms including Grayscale Investments, BlackRock, Invesco, and ARK Investments, have pending applications with the SEC for ETFs that track the price of Bitcoin.
The SEC has until Jan. 10 to make a final decision on ARK's filing, which is first in line.
The advanced nature of the discussions signals the SEC may approve ARK's application and likely some of the other 12 applications, in the New Year.
The advanced talks help explain a recent rally in Bitcoin, the price of which reached a 20-month high this month.