9 months ago
TechCrunch elder crypto newsman Jacquelyn Melinek claimed connected Jan. 4 that regulators volition o.k. much than 1 spot Bitcoin ETF astatine once.
Melinek posted to Twitter/X:
“[I have] heard from sources highly adjacent to the substance that the bitcoin spot ETF is going to beryllium approved by the SEC for aggregate firms’ applications.”
Though simultaneous spot Bitcoin ETF approvals person been expected, past reports person been speculative alternatively than definite.
Ark Invest CEO and CIO Cathie Wood, whose steadfast is starring 1 spot Bitcoin ETF application, notably suggested in August that aggregate approvals are apt to hap simultaneously owed to similarities betwixt assorted applications. It should besides beryllium noted that the SEC has approved different crypto-related ETFs, specified arsenic Bitcoin and Ethereum futures ETFs, successful adjacent succession oregon days apart.
ETF support connected Friday is possible
Melinek added that she is “expecting thing tomorrow” but did not clarify whether her sources suggested an ETF support connected that date.
Other reporters from FOX Business person predicted that the SEC volition denote approvals connected Friday, Jan. 5, contempt a deadline 5 days later.
Other developments that constituent to incoming approval. Several applicants person filed 8-A registration statements with the U.S. Securities and Exchange Commission (SEC), including Grayscale, VanEck, and Fidelity connected Jan. 4.
The SEC besides met with 3 exchanges tasked with listing those ETFs — Nasdaq, NYSE, and Cboe BZX — connected Jan. 3 to finalize comments, according to FOX Business writer Eleanor Terret. Bloomberg ETF expert Eric Balchunas commented that the finalization of comments means that the support process appears implicit but that further filings are due.
If the SEC does not denote a spot Bitcoin ETF support connected Friday, it indispensable determine connected an exertion from Ark Invest by Jan. 10. Though the SEC tin cull applications, Bloomberg ETF analysts judge determination is simply a 90% accidental that 1 oregon much ETFs volition beryllium approved by Ark’s Jan. 10 deadline.
The station Multiple spot Bitcoin ETFs volition beryllium approved, TechCrunch’s wrong sources say appeared archetypal connected CryptoSlate.
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