Important days ahead for bitcoin as several ETF applications await the SEC decision deadline. Here we provide a detailed overview of the current ETF application landscape. Throughout the spring, all ETF filings were spot-based (“physical bitcoin”). During this period, both Canada and Brazil approved BTC ETFs, while the U.S. picture remained unclear with several postponements of the final call. Then, on August 3rd, a statement from Gensler implied that futures-based ETFs were more likely to succeed.