Financial services companies BlackRock, Grayscale, and Fidelity are discussing Bitcoin exchange-traded funds (ETFs) with the SEC.

BlackRock has proposed a new redemption model involving Wall Street banks to address market manipulation concerns and increase stability.

The collaboration between BlackRock and NASDAQ indicates a growing partnership between traditional finance and tech platforms in the cryptocurrency space.

Analysts predict a high chance of approval for Bitcoin ETFs in January, with a decision on BlackRock's application due on January 10th.

The approval of Bitcoin ETFs could significantly influence future regulations and investment trends in the cryptocurrency space.