From NBC Universal:

Crypto investors are eagerly awaiting an imminent ruling from the SEC that will likely approve the trading of a spot bitcoin ETF, with 13 companies filing for the ETF including Grayscale Bitcoin Trust, Ark/21 Shares Bitcoin Trust, Bitwise Bitcoin ETF Trust, and more.

The applications for the spot bitcoin ETF consist of two components: a 19b-4 filing and approval of S-1, with a deadline of January 10th for the Ark/21 Shares Bitcoin Trust.

The fee structure for the bitcoin ETFs will have wide variation, with Fidelity’s Wise Origin Bitcoin Fund charging 39 basis points and Invesco’s Galaxy Bitcoin ETF charging 59 basis points.

The regulation of the crypto industry is currently unclear, with SEC Chair Gary Gensler having a history of legal battles with major crypto players including a fight against Grayscale Bitcoin Trust.

The SEC has ongoing cases against Coinbase, Binance, and its founder Changpeng Zhao, in which Zhao pleaded guilty to money laundering violations and agreed to pay a $50 million fine and step down from his role as the company’s chief executive.



Read more: Cryptocurrency investors eagerly await SEC ruling on bitcoin ETFs