SEC’s spot Bitcoin ETF As we approach the end of the decision period on ETF applications, the SEC has issued additional comments to S-1 filings containing updates from companies applying for ETFs.
While these additional comments from the SEC were interpreted by some as the last step before approval, others interpreted them as a delay signal for ETF approval.
One of those who interpret it as a delay signal is Perianne Boring, President and CEO of the U.S. Chamber of Digital Commerce happened.
The famous CEO, who shared about the SEC’s additional comments from his X account, SEC and its chairman, Gary Gensler spot Bitcoin He said he was worried about finding another way to block ETF approvals.
“Spot Bitcoin ETF Update: The SEC just issued additional comments on the applicant’s pending S-1s. “This is a signal of delay in ETF approvals.”
While the famous name interpreted these comments as a signal of delay, it was followed closely in the ETF process. Bloomberg ETF analyst James Seyffart He argued that the SEC comments were not a signal of delay or rejection for ETF applications.
“It is true that the SEC has made additional comments to the S-1 documents this morning regarding fees that we are all crazy about, but this is not an unusual event. So expect to see more changes tomorrow (January 10).
However, I don’t think these additional comments necessarily signal a delay on ETFs.”
1. This is true, comments came back on those S-1 documents with the fees that we all went crazy over this morning (this isn’t out of ordinary)
2. Expect to see more amendments tomorrow because of this
3. That said — I don’t think this is necessarily a delay signal https://t.co/o2m0lIBSct— James Seyffart (@JSeyff) January 9, 2024
Finally, a user commented on Boring’s post: Ark InvestHe wrote that there can be no further postponement regarding ‘s application and that the SEC will definitely make a decision to accept or reject it.
Responding to this comment, Boring stated that what he meant by postponement was rejection and that “the postponement decision only delays the approval of ETFs.” said.
As it is known, the SEC’s ETF decision-making deadline on January 10 covers only Ark Invest’s application. However, many people, including Bloomberg analysts, think the SEC will accept ETF applications from all companies.
*This is not investment advice.
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