{"id":13578,"date":"2023-12-02T18:08:44","date_gmt":"2023-12-02T18:08:44","guid":{"rendered":"https:\/\/infundpros.com\/markets\/crypto\/what-to-expect-in-january\/"},"modified":"2023-12-02T18:08:46","modified_gmt":"2023-12-02T18:08:46","slug":"what-to-expect-in-january","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=13578","title":{"rendered":"What to Expect in January"},"content":{"rendered":"<div>\n<figure id=\"attachment_138606\" aria-describedby=\"caption-attachment-138606\" style=\"width: 640px\" class=\"wp-caption aligncenter\"><noscript><\/noscript><figcaption id=\"caption-attachment-138606\" class=\"wp-caption-text\">Image by Parradee, Adobe Stock<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">The Securities and Exchange Commission (SEC)\u2019s move to start a public comment period for spot Bitcoin (BTC)\u00a0ETF applications earlier than expected has stirred up optimism around the launch of these products.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">On November 28, the SEC published filings instituting proceedings to receive public feedback on the proposed\u00a0<\/span><span data-preserver-spaces=\"true\">Franklin Bitcoin ETF<\/span><span data-preserver-spaces=\"true\">\u00a0and\u00a0<\/span><span data-preserver-spaces=\"true\">Hashdex Bitcoin Futures ETF<\/span><span data-preserver-spaces=\"true\">\u00a0funds.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The move, according to analysts, signals a potential acceleration of the SEC\u2019s timeline for approving an anticipated \u201cspotcoin\u201d ETF.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Typically, the SEC has 240 days to approve or deny an ETF filing and is required to provide updates on its decision at specified intervals.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Franklin Templeton\u2019s application was not due for a decision until January 1.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">However, by opening the public comment period earlier, the SEC may be indicating its intention to expedite the approval process for spotcoin ETFs.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Bloomberg analyst James Seyffart noted on X that the SEC\u2019s decision to initiate a comment period for Hashdex \u201call but confirms for me that this was likely a move to line every applicant up for potential approval by the Jan. 10, 2024 deadline.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Scott Johnsson, a finance lawyer, agreed that the SEC filings suggest the regulator is preparing to approve the funds around Jan. 10.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cReally the only way it makes sense,\u201d he\u00a0<\/span><a rel=\"nofollow noopener\" class=\"editor-rtfLink\" href=\"https:\/\/twitter.com\/SGJohnsson\/status\/1729575861664243928?s=20\" target=\"_blank\"><span data-preserver-spaces=\"true\">tweeted<\/span><\/a><span data-preserver-spaces=\"true\">. \u201cPretty sure we can lock this one up.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Franklin Templeton, a firm with approximately $1.5 trillion in assets under management, initially filed for a spot bitcoin ETF in October.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">However, its filing faced a delay on November 15.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">On November 29, Franklin Templeton amended its prospectus, stating that it had addressed the SEC\u2019s questions and concerns regarding its application.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">SEC Expected to Approve Spot Bitcoin ETFs<\/span><\/h2>\n<p><span class=\"replacer\"><\/span><br \/><span data-preserver-spaces=\"true\">The SEC has historically denied or delayed spotcoin ETFs due to concerns over market manipulation and investor protection.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">However, following a landmark lawsuit loss to Grayscale Investments in August, the agency began collaborating more closely with a dozen firms to explore the possibility of bringing such funds to the market.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Many industry participants, including Cathie Wood of ARK Invest, believe that the SEC will approve multiple applications simultaneously to prevent any single firm from gaining a first-mover advantage.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Analysts at financial services firm\u00a0<\/span><strong><span data-preserver-spaces=\"true\">Cantor Fitzgerald<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0also believe the long-awaited spot\u00a0<\/span><span data-preserver-spaces=\"true\">BTC ETF is inching closer to reality<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The company, known for its prime brokerage and investment banking services, has grown confident in the approval of applications from asset managers seeking to launch a spot ETF for Bitcoin.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Currently, the SEC is evaluating 13 applications for spot BTC ETFs.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">However, the most recent application by Swiss-based Pando Asset, submitted just two days ago, is unlikely to be considered alongside the earlier submissions.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">It is worth noting that the optimism around the launch of a spot Bitcoin ETF has fueled the recent rally in crypto markets, which saw the flagship cryptocurrency reach as high as $38,000.<\/span><\/p>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/bitcoin-etf-decision-dates-approach-what-to-expect-in-january.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image by Parradee, Adobe Stock The Securities and Exchange Commission (SEC)\u2019s move to start a public comment period for spot Bitcoin (BTC)\u00a0ETF&#8230;<\/p>\n","protected":false},"author":1,"featured_media":13579,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"class_list":{"0":"post-13578","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crypto"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What to Expect in January | inFundPros<\/title>\n<meta name=\"description\" content=\"Image by Parradee, Adobe Stock The Securities and Exchange Commission (SEC)\u2019s move to start a public comment period for spot Bitcoin (BTC)\u00a0ETF\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/infundpros.com\/?p=13578\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What to Expect in January | inFundPros\" \/>\n<meta property=\"og:description\" content=\"Image by Parradee, Adobe Stock The Securities and Exchange Commission (SEC)\u2019s move to start a public comment period for spot Bitcoin (BTC)\u00a0ETF\" \/>\n<meta property=\"og:url\" content=\"https:\/\/infundpros.com\/?p=13578\" \/>\n<meta property=\"og:site_name\" content=\"inFundPros\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-02T18:08:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-02T18:08:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/12\/1701510630-adobestock-462986922-medi-scaled.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Press Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Press Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/infundpros.com\/?p=13578#article\",\"isPartOf\":{\"@id\":\"https:\/\/infundpros.com\/?p=13578\"},\"author\":{\"name\":\"Press Room\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff\"},\"headline\":\"What to Expect in January\",\"datePublished\":\"2023-12-02T18:08:44+00:00\",\"dateModified\":\"2023-12-02T18:08:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/infundpros.com\/?p=13578\"},\"wordCount\":496,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/infundpros.com\/#organization\"},\"articleSection\":[\"Crypto\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/infundpros.com\/?p=13578#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/infundpros.com\/?p=13578\",\"url\":\"https:\/\/infundpros.com\/?p=13578\",\"name\":\"What to Expect in January | inFundPros\",\"isPartOf\":{\"@id\":\"https:\/\/infundpros.com\/#website\"},\"datePublished\":\"2023-12-02T18:08:44+00:00\",\"dateModified\":\"2023-12-02T18:08:46+00:00\",\"description\":\"Image by Parradee, Adobe Stock The Securities and Exchange Commission (SEC)\u2019s move to start a public comment period for spot Bitcoin (BTC)\u00a0ETF\",\"breadcrumb\":{\"@id\":\"https:\/\/infundpros.com\/?p=13578#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/infundpros.com\/?p=13578\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/infundpros.com\/?p=13578#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/infundpros.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What to Expect in January\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/infundpros.com\/#website\",\"url\":\"https:\/\/infundpros.com\/\",\"name\":\"Fintech Advance\",\"description\":\"Latest Finance and Tech News and Updates\",\"publisher\":{\"@id\":\"https:\/\/infundpros.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/infundpros.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/infundpros.com\/#organization\",\"name\":\"Fintech Advance\",\"url\":\"https:\/\/infundpros.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"contentUrl\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"width\":409,\"height\":70,\"caption\":\"Fintech Advance\"},\"image\":{\"@id\":\"https:\/\/infundpros.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff\",\"name\":\"Press Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"contentUrl\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"caption\":\"Press Room\"},\"sameAs\":[\"https:\/\/infundpros.com\"],\"url\":\"https:\/\/infundpros.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What to Expect in January | inFundPros","description":"Image by Parradee, Adobe Stock The Securities and Exchange Commission (SEC)\u2019s move to start a public comment period for spot Bitcoin (BTC)\u00a0ETF","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/infundpros.com\/?p=13578","og_locale":"en_US","og_type":"article","og_title":"What to Expect in January | inFundPros","og_description":"Image by Parradee, Adobe Stock The Securities and Exchange Commission (SEC)\u2019s move to start a public comment period for spot Bitcoin (BTC)\u00a0ETF","og_url":"https:\/\/infundpros.com\/?p=13578","og_site_name":"inFundPros","article_published_time":"2023-12-02T18:08:44+00:00","article_modified_time":"2023-12-02T18:08:46+00:00","og_image":[{"width":2560,"height":1280,"url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/12\/1701510630-adobestock-462986922-medi-scaled.jpeg","type":"image\/jpeg"}],"author":"Press Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Press Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/infundpros.com\/?p=13578#article","isPartOf":{"@id":"https:\/\/infundpros.com\/?p=13578"},"author":{"name":"Press Room","@id":"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff"},"headline":"What to Expect in January","datePublished":"2023-12-02T18:08:44+00:00","dateModified":"2023-12-02T18:08:46+00:00","mainEntityOfPage":{"@id":"https:\/\/infundpros.com\/?p=13578"},"wordCount":496,"commentCount":0,"publisher":{"@id":"https:\/\/infundpros.com\/#organization"},"articleSection":["Crypto"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/infundpros.com\/?p=13578#respond"]}]},{"@type":"WebPage","@id":"https:\/\/infundpros.com\/?p=13578","url":"https:\/\/infundpros.com\/?p=13578","name":"What to Expect in January | inFundPros","isPartOf":{"@id":"https:\/\/infundpros.com\/#website"},"datePublished":"2023-12-02T18:08:44+00:00","dateModified":"2023-12-02T18:08:46+00:00","description":"Image by Parradee, Adobe Stock The Securities and Exchange Commission (SEC)\u2019s move to start a public comment period for spot Bitcoin (BTC)\u00a0ETF","breadcrumb":{"@id":"https:\/\/infundpros.com\/?p=13578#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/infundpros.com\/?p=13578"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/infundpros.com\/?p=13578#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/infundpros.com\/"},{"@type":"ListItem","position":2,"name":"What to Expect in January"}]},{"@type":"WebSite","@id":"https:\/\/infundpros.com\/#website","url":"https:\/\/infundpros.com\/","name":"Fintech Advance","description":"Latest Finance and Tech News and Updates","publisher":{"@id":"https:\/\/infundpros.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/infundpros.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/infundpros.com\/#organization","name":"Fintech Advance","url":"https:\/\/infundpros.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/infundpros.com\/#\/schema\/logo\/image\/","url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","contentUrl":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","width":409,"height":70,"caption":"Fintech Advance"},"image":{"@id":"https:\/\/infundpros.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff","name":"Press Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/infundpros.com\/#\/schema\/person\/image\/","url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","contentUrl":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","caption":"Press Room"},"sameAs":["https:\/\/infundpros.com"],"url":"https:\/\/infundpros.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/13578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13578"}],"version-history":[{"count":1,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/13578\/revisions"}],"predecessor-version":[{"id":13580,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/13578\/revisions\/13580"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/media\/13579"}],"wp:attachment":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}