According to Fox Business Channel, large fund management companies are increasingly believing that the U.S. Securities and Exchange Commission will approve the first spot Bitcoin ETF in early January, thus making cryptocurrency history. Sources close to these companies say that recent guidance from SEC officials suggests they are likely to give the green light before January 10, 2024. This is the final deadline for the SEC to approve or reject the application of the first company seeking SEC approval for a spot Bitcoin ETF: Ark Investment Management by Cathie Wood in collaboration with 21Shares.