- QCP Capital announces insights on the upcoming launch of the BTC Spot ETF.
- The report speculates that the BTC Spot ETF could be approved in less than three weeks.
- Ethereum (ETH) was highlighted as a potential laggard play with the anticipation of an ETH spot ETF in the future.
In a recent announcement on their Telegram broadcast channel, asset trading firm QCP Capital has provided key insights into the widely anticipated BTC Spot ETF. The report speculates that the United States Securities and Exchange Commission (SEC) could approve one or more of the pending applications for BTC spot ETFs in less than three weeks. QCP predicts a possible announcement either at market close on January 5 or between January 8 and 10, 2024.
Market's anticipation could quickly turn to the ETH spot ETF, potentially leading to some switching out of BTC to ETH. But any ETH spot ETF is still many months away.— Wu Blockchain (@WuBlockchain) December 21, 2023
One significant development leading up to the launch is the resolution of the “cash only” versus “in-kind” debate. Virtually all ETF providers have conceded to the SEC’s “cash only” demand, addressing the last sticking poin…
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