The U.S. Securities and Exchange Commission’s (SEC) agreement with major exchanges including Nasdaq, CBOE, and NYSE Bitcoin He is reportedly in talks on spot Exchange Traded Funds (ETFs). This news comes amid expectations that approval for the ETF may be imminent.
“SEC Currently Negotiating with Exchanges for Bitcoin Spot ETFs”
The SEC is holding meetings today to finalize comments on 19b-4s submitted by Bitcoin Spot ETF applicants, according to FOX Business reporter Eleanor Terrett. This development follows a report published by Reuters last week, which suggested that Bitcoin Spot ETF approvals could be given as early as January 2 or 3.
Despite expectations, the wait for approval continues. However, Terrett’s news indicates that the SEC’s ongoing discussions may lead to progress in the approval process. Previously, FOX reported that approval could come this week. cryptocurrency It contributed to the speculation and excitement in the market.
However, in a report published by Matrixport today, the Bitcoin price dropped approximately 7% due to the claim that ETFs would be rejected. Bloomberg analysts believe the likelihood of rejection is low.
In response to the information shared by Eleanor Terrett, Bloomberg ETF analyst Eric Balchunas explained that if the SEC wanted to reject or delay Bitcoin Spot ETFs, it would not be negotiating with exchanges in this way. So the latest development is in favor of approving Bitcoin spot ETFs.
*This is not investment advice.
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