A Bitcoin ETF, or Exchange-Traded Fund, would be a financial product that lets people invest in Bitcoin without having to buy and store the actual digital currency. Instead, they'd be buying shares of the ETF, much like they might buy shares of a stock or another fund. A "spot" ETF, specifically, would be based on the current, or "spot," price of Bitcoin, rather than future prices.

If the SEC were to approve a Bitcoin spot ETF, it would be a big deal for several reasons. Firstly, it would signal a certain level of trust and acceptance of the bitcoin world by a major regulatory body. Secondly, it could make it easier and potentially more appealing for everyday investors to get involved in Bitcoin, as they wouldn't need to deal with the complexities of owning and storing the cryptocurrency themselves.

By today, several financial institutions (BlackRock, Bitwise, VanEck, and WisdomTree....) have applied to SEC for having their Bitcoin ETF publicly listed on American exchanges. None so far has been accepted.
Will it happen in 2023?