There’s an eight day window between Nov. 9 and Nov. 17 where all 12 spot Bitcoin ETF filings could be approved by the SEC, according to Bloomberg ETF analysts James Seyffart and Eric Balchunas.

21Shares and ARK Invest announced the upcoming launch of a digital asset ETF suite, with a total of five ETF products.

Hong Kong is reportedly considering the possibility of allowing spot cryptocurrency exchange-traded funds (ETFs) in addition to the futures-based crypto ETFs currently allowed. The CEO of Hong Kong’s Securities and Futures Commission, Julia Leung, stated that the city-state welcomes proposals using innovative technology that boost efficiency and customer experience, as long as new risks are addressed. This move comes as Hong Kong aims to become a leading digital asset hub, with the rollout of a virtual assets regulatory framework earlier this year. Reports also suggest that the Hong Kong Monetary Authority has pushed for banks in the city-state to offer their services to licensed crypto exchanges.

Animoca Brands co-founder Yat Siu said that the market's enthusiasm for the expected launch of a Bitcoin spot ETF has not only pushed up the price of Bitcoin, but also reignited people's enthusiasm for blockchain games. Yat Siu said: "Token value is a way to build confidence in users and utility. This is not just about making money, but also about feeling confident about what you own." Yat Siu explained that measuring the growth and confidence of the GameFi sector can be done by closely monitoring on-chain activities. In addition, Yat Siu believes that if a spot Bitcoin ETF product is approved, it will have incredible benefits for the entire industry, increase the legitimacy of the industry, and attract a large amount of new investment from traditional financial institutions.

Brian Roberts, the head of securities product development at the Hong Kong Stock Exchange, stated that the Hong Kong ETF market maintained steady growth in the first three quarters of this year, with an average daily trading volume increasing by 30% to 14.2 billion yuan compared to the previous year. During this period, a total of 11 new products were launched, bringing the total number of products to 175. Themed ETFs continue to be popular, with technology-themed ETFs particularly favored by the market, mainly due to the trend of artificial intelligence and cryptocurrency.

According to data from the Hong Kong Stock Exchange, as of November 2, 2023, the asset management scale of Southern Dongying Bitcoin Futures ETF (HK:3066) has risen above $50 million and is currently $50.79 million. In addition, the asset management scale of Southern Dongying's Ethereum Futures ETF (HK:3068) is $8.63 million.

Bitcoin's recent strong performance at least in part is due to optimism regarding the imminent launch of multiple spot ETF products.

On November 2nd, DWS Group, a German asset management company with $900 billion in managed funds, is preparing to launch a cryptocurrency exchange-traded fund (ETF) for retail investors.In April, DWS signed an agreement with cryptocurrency fund management company Galaxy Digital Holdings Ltd. to develop a series of ETFs for the European market.

Peter Schiff, founder of Euro Pacific Capital, is bearish on all cryptocurrencies. The expectation of a rise in Bitcoin spot ETF has not changed his stance. Schiff stated that the final approval by the U.S. Securities and Exchange Commission will end the rise of Bitcoin spot ETF. Once BTC is actually approved as a spot ETF product, the rise will lose momentum. He also pointed out that cryptocurrency traders may start selling and taking profits before the U.S. Securities and Exchange Commission approves. When asked the question "How much Bitcoin do you own?" in the subsequent X topic, Peter Schiff replied, "None."

On October 29th, Bloomberg ETF analyst James Seyffart announced on social media that asset management group VanEck has submitted a modified version of its spot Bitcoin ETF to the US Securities and Exchange Commission (SEC). As previously reported by BlockBeats, on October 26th, Bloomberg ETF analyst James Seyffart announced on social media that cryptocurrency asset management company Bitwise has submitted a modified version of its spot Bitcoin ETF to the US Securities and Exchange Commission (SEC), "just a response to Bitwise's comments and concerns about the SEC," and if Bitwise's product is approved by the SEC, it will be traded under the BITB stock code.