Transparency Crucial for Approval of Spot Bitcoin ETFs
Transparency regarding on-chain proof remains pivotal for the approval of spot Bitcoin ETFs. Despite the anticipation for approval, the lack of verifiable on-chain proofs from existing applicants raises skepticism. ETF issuers emphasizing genuine Bitcoin holdings may bolster trust. However, security concerns and fee competitions complicate the landscape. The SEC's expected decision by January 10 carries significant weight, although the possibility of rejection due to regulatory deliberations remains a concern.
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