As the January 10 deadline approaches, retirement savers seeking exposure to Bitcoin without direct ownership of the cryptocurrency coins might soon find the access they desire. U.S. regulators are nearing a decision on whether to permit a spot bitcoin exchange-traded fund (ETF), designed to mirror the real-time price movements of Bitcoin.
Industry participants are optimistic that the U.S. Securities and Exchange Commission will grant approval. Recent reports suggest that the spot Bitcoin ETF approval could come as soon as December 29.
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