SEC Likely to Approve Spot Bitcoin ETF in Next Few Months: JPMorgan

Approval is likely before Jan. 10, which is the final deadline for the Ark 21Shares applications, the report said.

Bitcoin (BTC) has gained this week due to increased optimism about the potential approval of multiple spot bitcoin exchange-traded-funds (ETFs), JPMorgan (JPM) said in a research report Wednesday. KEEP READING