Bitcoin ETF Momentum: SEC’s Kaitlyn Bottock Says Approval “Nearing Finish Line” as 65–70 Firms with Tens of Trillions AUM

COINOTAG reported on September 11 that Bloomberg ETF analyst Eric Balchunas relayed comments from Kaitlyn Bottock, Assistant Director of the SEC’s Investment Management division, indicating the regulator is “nearing the finish line” on approving ETF share classes for mutual funds. Balchunas noted approximately 65–70 asset managers are preparing conversions, collectively representing assets under management estimated in the tens of trillions, a development that could reshape institutional product structuring. Market participants should monitor official SEC filings and orders for confirmation, as formal ETF approval and implementation timelines will depend on the regulator’s finalized guidance and compliance requirements.