As the final decision date for Spot Bitcoin exchange-traded fund (ETF) applications approaches, the regulatory agency’s moves attracted attention.
According to sources who witnessed the process closely, the US Securities and Exchange Commission (SEC) continues to review spot Bitcoin ETF files at full speed. ETF issuers Revised filings and ETF transaction fees on Tuesday, January 8. He presented it to the institution and received rapid feedback on the issue immediately afterwards.
The rapid response and demand for new fixes CEO of the Chamber of Digital Commerce Perianne Boring It was interpreted negatively by. Boring responded to the SEC’s request for additional amendments to these filings. A signal that ETF approval may be delayed stated that:
The SEC has issued additional amendment requests to applicants’ pending S-1 filings. This is a delay signal.
Disputing this comment is a Bloomberg ETF analyst. James SeyffartSEC’s revised filings His immediate response was an unprecedented event in history. and there will be no postponement defended:
This really shows how responsive the SEC is to the ETF process. It is unprecedented to send a document to the SEC in the morning and receive a response the same day. If the regulator wanted to delay ETF applications, it would not have responded so quickly.
The final decision date for Spot Bitcoin ETFs will end this Friday, and expectations are shaping up for approval on Wednesday, January 10. Source familiar with the subject: The SEC is interested in the fine details in S-1 filings and stated that the end is closer than ever.
The rapid progress of the process also had a positive impact on the cryptocurrency market. Bitcoin on January 8 to $47,193 rising From April 2022 It has reached its highest level since then.