JPM - SEC To Approve Multiple Spot Bitcoin ETFs In October? JPMorgan Analyst Bets 'Yes' | Benzinga
JPMorgan Chase & Co (NYSE: JPM) anticipates that the U.S. Securities and Exchange Commission (SEC) may simultaneously greenlight multiple spot Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs).
This prediction comes in light of the SEC's recent interactions with Grayscale Investments, a leading crypto asset manager.
The SEC's stance on its Grayscale Bitcoin Trust (OTC: GBTC) into a spot Bitcoin ETF has been a topic of discussion at various platforms, including the upcoming Benzinga's Future of Digital Assets conference on Nov. 14.
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JPMorgan analyst Nikolaos Panigirtzoglou highlighted in a recent note that the SEC might find itself cornered into approving a slew of ...