K33 Research: Approval for Spot Bitcoin ETF in January Appears "Set in Stone"

A report by K33 Research suggests that the approval of a spot Bitcoin ETF in January seems "set in stone," as updates to the application in January indicate that the applicants have agreed to set up cash creation by the deadline of January 10. K33's Senior Analyst Vetle Lunde and Vice President Anders Helseth state, "Cash creation is not the most efficient structure, but the updates from the applicants further signal a favorable approval for the ETF within the next three weeks."