Spot Bitcoin ETFs Anticipated to Launch in U.S. in Early 2024

A dozen firms including BlackRock, Grayscale, Fidelity, and Galaxy/Invesco are ready to launch products, with the market believed to be liquid enough to accommodate potentially tens of billions of dollars worth of purchases.

U.S. approval of spot bitcoin ETFs is anticipated in early January 2024, with a dozen firms including BlackRock, Grayscale, Fidelity, and Galaxy/Invesco ready to launch products.
Bitcoin ETFs would provide easier access to bitcoin's price for institutional and retail investors without requiring them to invest directly in the asset.
Bitcoin trading is believed to be liquid enough to accommodate potentially tens of billions of dollars worth of purchases from ETF issuers.
Authorized participants (APs) and market makers will play key roles in ensuring the price of an ETF remains closely linked to the value of the fund's underlying holdings.
The global regulatory approach towards bitcoin and digital assets exhibits significant variation, with the U.S. currently considering the approval of a spot bitcoin ETF and developing guidelines for the issuance and use of stablecoins.