March 2024 will be boiling hot. For now, the Securities and Exchange Commission (DRY) from the United States goes to great lengths to refuse to accept an exchange-traded fund (AND F) in cash (“ spot “) of Bitcoin (BTC). But this incredible ability of US regulators to play for time could well end at the beginning of the spring 2024.
Indeed, even if the SEC has just succeeded (an umpteenth time) in kick in touch for ARK Invest’s BTC spot ETFmany final decisions (without the possibility of being postponed) must be taken in the first 3 months of next year. Especially in March !
As seen in the chart above, the Bitcoin exchange-traded fund backed by Cathie Wood – ARK 21Shares Bitcoin ETF – even has its final deadline on January 10 2024. As for the giant BlackRock’s ETF, the iShares Bitcoin Trustit is part of an important “group shooting” of 5 requests which must have a response, at the latest, March 15 2024. The gendarmes of the SEC have not finished sweating profusely!
>> Faced with regulation, keep your cryptos safe: choose a Ledger wallet (commercial link) <<