SEC Meets With Major Exchanges to Discuss Spot Bitcoin ETFs — Analysts Expect Imminent Approval

The U.S. Securities and Exchange Commission (SEC) has met with officials from large exchanges to sermon spot bitcoin exchange-traded funds (ETFs). Sources adjacent to the proceedings accidental the securities regulator could statesman notifying issuers of spot bitcoin ETF support connected Friday and trading could statesman arsenic aboriginal arsenic adjacent week. “SEC is giving last comments arsenic we speak,” a Bloomberg expert described, adding that this is “as adjacent to ‘done’ arsenic we’ve been.”

SEC Meeting With Exchanges to Discuss Spot Bitcoin ETFs

The U.S. Securities and Exchange Commission (SEC)’s unit attorneys from the Division of Trading and Markets reportedly held meetings with officials from large exchanges, including the New York Stock Exchange (NYSE), Nasdaq, and Chicago Board Options Exchange (CBOE), connected Wednesday. Fox Business newsman Eleanor Terrett shared connected societal media level X:

The SEC is holding meetings contiguous with the exchanges (Nasdaq, CBOE, NYSE) to finalize comments connected the 19b-4s submitted by the BTC spot ETF issuers.

The securities regulator specifically asked the exchanges to “revise and finalize” their 19b-4 filings, which they submitted connected behalf of spot bitcoin ETF issuers, Fox Business conveyed, adding that these filings “must person SEC clearance earlier the ETF tin beryllium sold to the public.”

While noting that the last determination has not been made, the quality outlet reported: “Sources adjacent to the proceedings accidental the SEC could statesman notifying issuers of support connected Friday with trading opening arsenic aboriginal arsenic adjacent week.”

On Thursday, Techcrunch newsman Jacquelyn Melinek shared connected X:

Heard from sources highly adjacent to the substance that the bitcoin spot ETF is going to beryllium approved by the SEC for *multiple* firms’ applications … expecting thing tomorrow.

Meanwhile, Bloomberg expert James Seyffart believes that the SEC volition marque an announcement regarding spot bitcoin ETF support aboriginal adjacent week. “January 8th – January 10th has been the model I’m watching and volition stay the model I’m focused on,” helium elaborate connected X Wednesday.

Moreover, the fig of spot bitcoin ETF applicants filing to registry their funds arsenic securities (8-A filings) with the SEC has surged. While noting that “8-A forms don’t adjacent approval,” Bloomberg ETF expert Eric Balchunas emphasized connected X: “They are portion of the mean prep process truthful that’s good.” Commenting connected whether a spot bitcoin ETF support is imminent, helium said:

Pretty overmuch imminent yes.

“SEC is giving last comments arsenic we speak, past issuers volition taxable last 19b-4s and S-1s soon after. So I mean this is def arsenic adjacent to ‘done’ arsenic we’ve been but nary authoritative support arsenic acold arsenic I know,” Balchunas added connected Thursday.

Do you deliberation the SEC volition o.k. spot bitcoin ETFs soon? Let america cognize successful the comments conception below.