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SEC Set to Approve Bitcoin Spot ETFs, Launch Expected Next Week

Bitcoin (Marco Bello/Reuters)
Bitcoin (Marco Bello/Reuters)

According to a Reuters report, the U.S. Securities and Exchange Commission (SEC) is expected to announce its decision on the approval of Bitcoin spot-based Exchange Traded Funds (ETFs) next week. The SEC is reportedly set to inform 14 Bitcoin spot ETF applicants of its decision on the approval of Bitcoin spot ETFs by next Tuesday or Wednesday.