It seems that the cryptocurrency market may face a significant development this week. Spotlight as per expectations Bitcoin There is a slight chance that ETFs will be approved. Echoing the views of Bloomberg’s James Seyffart, Nate Geraci suggested that there is a small but significant possibility that the Securities and Exchange Commission (SEC) could issue the much-anticipated 19b-4 approval orders.
This move, expected by market experts, could accelerate Bitcoin’s acceptance into mainstream financial services and make it one of the world’s largest cryptocurrency can significantly increase the price of the unit.
Because the SEC’s approach to issuing these orders is carefully timed to avoid the appearance of market manipulation, it’s quite possible they could come at any time.
The consensus in the financial community is that the SEC is willing to allow multiple Bitcoin ETFs to launch simultaneously.
The November 17 deadline is very important as applications after this date are unlikely to be considered. This sets a clear deadline for issuers who want to be part of this historic approval round.
According to Geraci, the US is currently facing political headwinds that could lead to a government shutdown, posing a risk to the timely approval of Bitcoin ETFs.
Koinfinans.com As we have reported, this could mean significant disruption of non-essential services, including some of the SEC’s functions. Such a shutdown could delay decision-making on financial instruments, including the much-anticipated approval of Bitcoin ETFs.