JPMorgan expects spot Bitcoin ETF to be approved “within months”

Morgan Stanley analysts led by Nikolaos Panigirtzoglou believe that the US Securities and Exchange Commission (SEC) may approve multiple spot Bitcoin ETF applications in "several months". The analysts stated that the decision by the SEC not to appeal the Grayscale court ruling has increased "optimism" for such approvals. The report states that the approval time for spot Bitcoin ETFs is still unclear, but it should be completed within a few months, most likely before January 10, 2024, the final deadline for Ark Invest and 21Shares' applications. This is the earliest of various final deadlines that the SEC faces in spot Bitcoin ETF applications.