NewsDaily

                          In a recent analysis, Matrixport specialist Markus Thielen predicts that the Securities and Exchange Commission (SEC) is likely to reject all proposals for Bitcoin spot ETFs in January. Thielen argues that despite ongoing discussions and updated S-1 filings, these applications lack a fundamental requirement necessary for SEC approval. Contrary to market consensus, Thielen anticipates the SEC's rejection, citing political dynamics and compliance concerns in a detailed report.                     Thielen's perspective stems from the need for more stringent compliance in the crypto industry. While an ETF could contribute to crypto growth in the U.S., SEC Chair Gensler's cautious approach raises doubts about his approval of Bitcoin spot ETFs, according to Thielen. Despite the possibility of approval by Q2 2024, Thielen expects the SEC to reject all proposals this January.                     The much-anticipated approval of a spot Bitcoin ETF in the U.