Investors are awaiting the approval of the first SpotBitcoin ETF in the United States, which will be a milestone for Crypto Assets investors, Golden Finance reported. Bryan Armour, research director of Morningstar's North American passive strategy, said: "For ETF investors, this will be the best product on the market, and all other options currently have shortcomings to varying degrees." If the SEC approves SpotBitcoin ETFs, Armor expects to receive "bulk approval" and multiple ETFs will be listed on the same day. "I expect them to give full approval to spot ETFs, as most issuers take a similar approach in their applications," he said.

Bryan Armour, director of passive strategy research for North America at Morningstar, said he is more optimistic than ever about the approval of spot bitcoin ETFs, and if the SEC approves spot bitcoin ETFs, Armor expects multiple ETFs to be listed on the same day. "There are a lot of good signs that the SEC is taking the latest batch of filings more seriously, and I'm more optimistic about Bitcoin ETFs than ever," he said. This will be the best product on the market for ETF investors, and all other options are currently flawed to varying degrees."