SEC may notify approved ETF issuers by early next week, ahead of the January 10 launch: Reuters
"Asset managers who met their end of year deadline may be able to launch by the Jan. 10 decision deadline, according to Reuters, citing people familiar with the process. Those include the aforementioned firms, along with Valkyrie, Bitwise, WisdomTree, Franklin Templeton, BlackRock, VanEck, and Invesco."
These are some big names in the investment field. Companies like these individually have the ability to move the markets in and of themselves. Here, we have seven of them pledging to support the new "spot Bitcoin ETF." This is an asset that will be placed in Global Markets around the world to shift our economy into the digital space.
A wave of buying is expected when this decision comes out on January 10th, 2024. Not to mention all the money these companies will place inside this one asset supporting movement upwards in the crypto space due to the acceptance of Bitcoin serving as a bridge into the new digital asset-based trading system whereby tokenized assets will become the norm.
This shift into a digital economy will bring with it a lot of liquidity from those who have been investing outside of the Financial System anticipating this move into the markets. The Block Link
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