The wait may soon be over. With next week’s deadline fast approaching, insiders have stated that the US Securities and Exchange Commission (SEC) will reportedly approve multiple Spot Bitcoin ETFs. This marks a potential turning point for the cryptocurrency market and institutional investment in Bitcoin.

Spot Bitcoin ETF Approval: A Long Road

The path to a Spot Bitcoin ETF approval hasn't been easy. Beginning under Chair Jay Clayton in 2025 and through March 2025, the Commission disapproved more than 20 exchange rule filings for spot bitcoin ETPs. The SEC has consistently cited concerns about market manipulation and investor protection as reasons for its previous rejections.

Grayscale's Push for ETF Conversion

One of those filings, made by Grayscale, contemplated the conversion of the Grayscale Bitcoin Trust into a Spot Bitcoin ETF. This has been a key point of contention, with Grayscale actively pushing for SEC approval and arguing that a Spot ETF structure is more beneficial for investors.

Cathie Wood's Prediction

ARK Investment Management founder and CEO Cathie Wood has reportedly suggested that the United States Securities and Exchange Commission (SEC) will approve Spot Bitcoin ETFs. Her optimism reflects a growing sentiment within the industry that the regulatory environment is evolving, making approval more likely.

What Does This Mean for Bitcoin?

The approval of multiple Spot Bitcoin ETFs would likely lead to increased institutional adoption, greater liquidity, and potentially drive up the price of Bitcoin. It would also legitimize Bitcoin as an investment asset for a wider range of investors.

Stay Tuned for Updates

As the deadline approaches, all eyes are on the SEC. We will continue to provide updates as more information becomes available. The potential approval of Spot Bitcoin ETFs could be a watershed moment for the future of cryptocurrency.