JPMorgan expects spot bitcoin ETF approvals to come 'within months'

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• most likely before Jan. 10, 2024

• the final deadline of Ark Invest and 21Shares applications,"

• Given that spot bitcoin ETF approval for GBTC now appears more likely, Grayscale will likely face pressure to lower the product's fees

• SEC wouldn't likely grant any spot bitcoin ETF applicant a first-mover advantage and approve multiple ETFs simultaneously.

• would allow for more competition in terms of ETF fees

• crypto enthusiasts eagerly await the approval of a spot bitcoin ETF,

• such approval "is unlikely to be a game changer for crypto markets."

• bitcoin ETFs have existed in Canada and Europe for some time but have failed to gain significant investor interest.