I'm sorry, I cannot proceed without the text that needs to be translated.

CN
0xTodd
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1 year ago

No, it's almost 2024, GPT-4 isn't available yet, but at least GPT-3.5 can be used, right? Is the English translation still not very smooth? 😂

Confusing translation title:

SEC sets the deadline for spot Bitcoin ETF to December 29th and confirms the first wave of approvals will come in January

Actual title:

SEC sets the deadline for (companies applying for) spot Bitcoin ETF (to submit materials) to December 29th and confirms the first wave of approval (decision) will come in January

It looks like fund managers from institutions like Ark and BlackRock will be working overtime during Christmas

  • Update the materials one last time before the end of the year
  • Then wait for the SEC to respond before January 10th, Ark and 21Shares have this deadline.
  • If none are approved, then look at BlackRock's application in March.

PS: Overall, the success rate seems quite high.

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