Published on January 07, 2024 17:29 GMT+00:00edited on January 07, 2024 17:34 GMT+00:00

Crypto investors and asset managers are eagerly awaiting news about what the Securities and Exchange Commission might decide in its ongoing review of a dozen applications for a spot bitcoin ETF, with some expecting a decision as soon as this week. Enthusiasts are hopeful that an approval would add billions of dollars of value to the cryptocurrency sector, but a lot still needs to happen before that becomes a reality. 

Decisions are expected in the coming days in part because of the Jan. 10 deadline for the SEC to respond to the first in the pack of the latest wave of applications, Cathie Wood’s ARK Investment and 21Shares. However, some analysts have noted that the SEC has wide-ranging authority in the process and could possibly try and delay a decision again.

Last week ended on an …