According to FOX Business, the US Securities and Exchange Commission (SEC) met with stock exchange officials regarding the spot Bitcoin ETF the other day.
According to people with knowledge of the subject, the SEC’s meetings with representatives of the New York Stock Exchange, Nasdaq and CBOE led to the development of spot Bitcoin ETFs. We are getting closer to approval pointing out.
It was reported that the SEC asked the exchanges to revise their 19b-4 applications and prepare the final version in yesterday’s meetings.
These applications, prepared by stock exchanges on behalf of issuers, must be approved by the SEC before ETFs are created.
Although the decision to be taken is not yet final The SEC may notify issuers of its decision on the issue on Friday.trade transactions within next week It was reported that it could start.
Bloomberg analyst James Seyffart said: “I think the SEC may start signaling approval to issuers, but I still expect official approvals to come on January 8-10.” said.
It is also possible that the SEC will reject all applications. In the research of Singapore-based Matrixport, it was stated that the SEC did not have any political justification for approving ETFs.