The US Securities and Exchange Commission may invite applicants for the spot Bitcoin ETF to launch products next week, according to a report by ETF Institute Co-Founder Nate Geraci. The information was provided by a close source.

Bloomberg’s James Seyffart predicts that the SEC will approve all proposals by January 10, with the official date potentially ranging from January 8 to 10. Seyffart believes the approval probability is 90%, aiming to avoid appearing “picking favorites” for the groundbreaking history.

Applicants like Invesco Galaxy, WisdomTree, Fidelity, BlackRock, Valkyrie, and Bitwise updated their SEC filings, potentially preparing for a launch. Crypto analyst Max Keiser raises concerns about potential Wall Street manipulation, while others believe the spot-based Bitcoin ETF could legitimize the market.