Analyst James Seyffard believes that the US Securities and Exchange Commission (SEC) could approve all applications for the spot Bitcoin ETF in Jan 2024. His claim is supported by the collection of positive opinions on the application to launch a spot Bitcoin ETF by Franklin Templeton and Hashdex. The SEC's delay for the Franklin case was meant to recognize all applicants in a potential approval, only Franklin has yet to file an updated S-1. Digital asset investments have seen a surge which analysts attribute to the potential launch of spot Bitcoin ETFs, with inflows totaling $346 million into Bitcoin and Ethereum as the top assets this quarter. A successful approval and launch of the spot Bitcoin ETF would bring potentially billions in investment from institutional backers into crypto markets, which would likely be a boon to the industry and its investors.



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