Major financial institutions, including BlackRock (NYSE:BLK) and Fidelity, have updated their filings with the Securities and Exchange Commission (SEC) as the regulator approaches a decision on Bitcoin exchange-traded funds (ETFs). The SEC is set to review the applications for Bitcoin ETFs, with a deadline to vote on these submissions by Wednesday, January 10, 2024. Approval from the SEC could lead to the immediate trading of these financial products.

The outcome of the SEC’s review is highly anticipated by the investment community, as it could mark a significant milestone for the integration of cryptocurrencies into mainstream financial portfolios.

If approved, these Bitcoin ETFs would provide investors with exposure to Bitcoin without the need to directly purchase and hold the digital currency, potentially broadening its appeal and accessibility.