Bloomberg Intelligence analysts James Seyffart and Eric Balchunas suggest that the U.S. Securities and Exchange Commission (SEC) may begin issuing spot Bitcoin (BTC) exchange-traded funds (ETF) approvals by May 2023, along with a proposed rule change.
Bloomberg‘s experienced ETF analystsi Seyffart and balchunas, 24 march published on a in the note SECof January suggested in the Will expand the definition of “stock market” to allow cryptocurrency exchanges to come under its control If the rule change is approved, the regulatory authority to the summer of 2023 until spot Bitcoin ETF He said he could give his approval.
In the note, “Extending the definition of an exchange could allow crypto platforms to come under the SEC’s regulatory framework, removing the agency’s primary objection to spot ETFs.The duo, who stated ” The primary reason for the SEC’s rejection of spot Bitcoin ETFs is no longer valid as crypto exchanges become compliant. and this will likely pave the way for ETF approvals added.
Analysts say the rule change will redefine stock markets. From November 2022 to May 2023 waiting for completion.
citing its concerns about protecting investors so far Grayscale, NYDIG, SkyBridge, GlobalX, Valkyrie and fidelity all available to him, including spot Bitcoin ETF postponing or rejecting applications SECFinally WisdomTree Investments (WETF) and One River Asset Management‘s spot Bitcoin ETF has delayed its application decisions.
SEC Delays Decision on WisdomTree and One River Spot Bitcoin ETF Applications
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