Spot bitcoin ETFs: What investors need to know
The Securities and Exchange Commission's (SEC) January 10 deadline for a spot bitcoin ETF decision is less than a week away. Still pending approval, a green light by SEC regulators would allow firms to offer traders bitcoin (BTC-USD) ETFs, such as Grayscale's Bitcoin Trust (GBTC).
VettaFi Financial Futurist Dave Nadig sits down with Yahoo Finance Live's Julie Hyman and Josh Lipton in-studio to discuss the possibilities of SEC approval, calling it a "horse race" to have ETF offerings ready to go on the first available trading day.
"I don't think that this is going to be one of those things where we immediately have $10 billion in new assets show up," Nadig says on demand. "Remember, one of the funds here is Grayscale's GBTC converting. It already has $25 billion in it, so we know what that demand looks like."
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