{"id":85989,"date":"2023-10-20T10:13:41","date_gmt":"2023-10-20T07:13:41","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=85989"},"modified":"2025-09-13T02:39:45","modified_gmt":"2025-09-12T23:39:45","slug":"jpmorgan-sec-to-approve-many-spot-bitcoin-etfs-within-months","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/jpmorgan-sec-to-approve-many-spot-bitcoin-etfs-within-months\/","title":{"rendered":"JPMorgan: SEC to approve many spot bitcoin ETFs within months"},"content":{"rendered":"

Optimism around the registration of the SEC<\/span> for many spot bitcoin-ETF<\/a> funds has risen, with a positive decision expected within months. Analysts at JPMorgan arrived at this conclusion, The Block<\/a> reports.<\/p>\n

Analysts drew attention toabsence of an appeal<\/a> by the Commission againstthe court’s decision<\/a> in the Grayscale case. The regulator was ordered not to obstructthe transformation of the bitcoin-trust<\/a> into an exchange-traded fund.<\/p>\n

\n

“The timelines for approval remain unclear, but this is likely to occur by January 10, 2024 \u2014 the final deadline for the application ARK Invest and 21 Co<\/a>.”<\/em> \u2014 the earliest of the various final deadlines to which the SEC must respond, the document states.<\/p>\n<\/blockquote>\n

Experts stressed that the Commission could satisfy all proposals at once in the interests of fair competition.<\/p>\n

Analysts forecast a reduction in the management fee for GBTC<\/span> and the neutralisation of the product’s discount to NAV<\/span> after its conversion into an ETF. They estimated the total impact of the latter at $2 billion.<\/p>\n

\n
\"1-794\"
Data: YCharts<\/a>.<\/figcaption><\/figure>\n<\/div>\n

On October 19, the Grayscale Bitcoin Trust’s discount to NAV narrowed to 12.54%, the lowest since November 2021.<\/p>\n

At the start of the year the figure stood at 48.31%. The situation in July was sharply changed by the filing of BlackRock’s application<\/a> to launch a Bitcoin ETF. After that, Grayscale’s GBTC rose by 57%, the discount narrowed from 41.7% to 29.3%. The momentum in recent days has been aided by the SEC’s lack of an appeal against the Grayscale decision.<\/p>\n

Earlier, JPMorgan doubted<\/a> that the product launch would change the game for the crypto market due to low demand for ETFs in those jurisdictions where they have been approved.<\/p>\n

Earlier, Matrixport analysts forecast a rise in digital gold to $42 000-56 000<\/a>. CryptoQuant reported values in $50 000-73 000<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

JPMorgan: optimism about the SEC’s approval of many spot bitcoin ETFs has risen; a positive decision is expected within months.<\/p>\n","protected":false},"author":1,"featured_media":85990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1214,943,229,1138],"class_list":["post-85989","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-grayscale-bitcoin-trust","tag-grayscale-investments","tag-jpmorgan","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=85989"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85989\/revisions"}],"predecessor-version":[{"id":85991,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85989\/revisions\/85991"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/85990"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=85989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=85989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=85989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}