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Speaking to CNBC, Galaxy Digital CEO Michael Novogratz said that a spot Bitcoin ETF will be approved in January. Specifically, Novogratz stated his belief that the US Securities and Exchange Commission (SEC) will issue an approval before the January 10th deadline.

The SEC is currently reviewing more than a dozen applications from issuers seeking to bring the very first Spot Bitcoin ETF to the United States. Subsequently, the digital asset market is carefully awaiting such a decision. If approved, the investment product could have a massive impact on the market.

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