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CNBC predicts spot Bitcoin ETF approval by the U.S. SEC this week, followed by immediate trading the following business day. Spot Bitcoin ETFs are on the cusp of a decision from the U.S. Securities and Exchange Commission (SEC), with potential trading activities expected to commence by the end of this week. JUST IN: CNBC reports spot #Bitcoin ETF likely to be approved Wednesday, potentially trading on Thursday or Friday pic.twitter.com/oLDrb5MKpm — Bitcoin Magazine (@BitcoinMagazine) January 8, 2024 You might also like: Gary Gensler issues crypto warning amid Bitcoin ETF decision The anticipated approval date, slated for Wednesday, is pivotal for many applicants eagerly seeking a green light to enter the burgeoning market. According to CNBC correspondent Kate Rooney, reliable sources affirm the likelihood of spot Bitcoin ETFs securing approval this week, sparking a potential trading frenzy as early as Thursday or Friday. This development, if materialized, is...

This week’s episode of The Market Report discusses the spot Bitcoin ETF that just launched in Europe and why the U.S. still lags behind. In the latest episode of Cointelegraph’s  The Market Report , analyst Marcel Pechman discusses the first spot Bitcoin exchange-traded fund (ETF)  approved in the European Union, which went live on the Euronext Amsterdam exchange on Aug. 15. Despite the seemingly unconventional choice of the Guernsey regulator for its constitution, the fund’s listing on Euronext suggests a strategic maneuver, though its meager 1 million euro launch and unfamiliar management casts a shadow over its appeal. Moving on, Pechman shifts focus to the United States Bitcoin ETF landscape, where the Securities and Exchange Commission (SEC) has once again delayed its decision on approving a spot Bitcoin (BTC) ETF, setting a potential deadline for early 2024. This recurrent cycle of postponements echoes the challenges faced over the past decade. The lack of regulatory clarity in...