JPMorgan: Spot-bitcoin -etf can be approved before 10 january – Bits Media

JPMorgan banking group analysts believe, that the United States Securities and Exchange Commission (SEC) will conduct a large-scale approval of applications for spot-bitcoin -etf in the next two months.

Investment bank experts consider, that with "probability 90% Beatkoin-ETF will be approved in early January ". According to Analysts JPMorgan, headed by Nikolaos Panigirtzoglu (Nikolaos Panigirtzoglou) SEC will give “green light” at once by several ETF applications at the same time and will not allow any one of the applicants to get the “advantage of the pioneer”.

JPMorgan noted: The approval of a spotto bitcoin -etf will undoubtedly increase the interest of large capital in investments in the digital assets market. But they expressed restrained optimism about the scope of future investments in such financial products.

In their assessments, JPMorgan analysts rely on the results, which were achieved after the approval of the SEC Futures Bitcoin-ETF. An indicative example: Proshares Foundation, which was the first to receive the approval of the regulator, was able to attract more interest at the peak of interest $1 billion investments. But then the popularity of the proposal began to decline, Like the amount of investment. Now the market of futures bitcoin -etf has been stabilized, And under the control of Proshares there were assets in the amount of about $900 million.