Considering the time frame followed by US Securities and Exchange Commission (SEC) officials in previous ETF approvals, the first spot in the US Bitcoin Its ETF is expected to be approved by January 10, 2024.
Fox Business correspondent Eleanor Terrett according tothe SEC has not yet reviewed changes to S-1 forms filed before the December 29, 2023 filing deadline. Koinfinans.com As we reported in the press, the SEC has set a deadline by which filers can make final changes to their applications. It is expected that SEC officials will comment on the S-1 forms following the review. BlackRock, Invesco, Valkyrie, VanEck, Wisdomtree, Fidelity and ARK 21Shares are among the companies vying for spot Bitcoin ETF approval.
So, given the approval timeline the SEC followed when approving ETH futures in October 2023, review of S-1 forms could likely take until early next week, which is January 8, 2024. In addition, SEC staff has been on leave since December 29, 2023, Terrett said. Overall, ETF approval seems likely to occur on Tuesday or Wednesday, January 9 or 10, 2024.
Therefore, a Bitcoin ETF The possibility of approval seems unlikely before January 6, 2024. Meanwhile, BTC Price has made a good start to 2024 with a jump of around 5% compared to 24 hours ago.