Crypto Industry Await SEC Bitcoin ETF Approval

PARIS, FRANCE - JANUARY 10: In this photo illustration, a visual representation of the digital cryptocurrency Bitcoin is displayed in front of the logo of the US digital currency asset management company, Grayscale Investments on January 10, 2024 in Paris, France. The first American Bitcoin ETF could be authorized by the SEC (Commissioner of the American Stock Exchange) as early as Wednesday January 10, 2024. Around ten of the largest financial asset managers in the world have filed an application with the SEC to launch a Bitcoin ETF. After blocking the entry of bitcoin on Wall Street for more than 10 years, the Securities and Exchange Commission (SEC) should, barring any drama, authorize it on Wednesday by giving the green light to exchange-traded funds (ETFs) invested in bitcoin. (Photo illustration by Chesnot/Getty Images)