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To: Julius Wong who wrote (7531)1/1/2024 9:35:05 PM
From: Julius Wong2 Recommendations

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Bitcoin ( BTC-USD) has been gaining since mid-October on rising hopes that the Securities and Exchange Commission will finally approve an exchange-traded fund that invests directly in bitcoin.

The SEC has until Jan. 10 to make a decision on ARK Invest's spot bitcoin ETF and until Jan. 25 for Grayscale's proposal to convert the Grayscale Bitcoin Trust ( OTC:GBTC) to an ETF.

Others that have filed for bitcoin ETFs include WisdomTree ( WT), Invesco ( IVZ), BlackRock ( BLK), and Valkyrie.