SEC Still Processing Spot Bitcoin ETF Paperwork, Report

Anticipation of spot bitcoin exchange-traded money (ETF) approvals by the U.S. Securities and Exchange Commission (SEC) remains high, but the securities regulator reportedly inactive has a batch of paperwork to spell through. While immoderate speculate connected a late-week announcement, others expect it aboriginal adjacent week arsenic the Jan. 10 deadline approaches.

SEC Still Has Lots of Spot Bitcoin ETF Paperwork to Sort Through

Anticipation of an imminent determination by the U.S. Securities and Exchange Commission (SEC) that could yet unlock the U.S. spot bitcoin exchange-traded money (ETF) marketplace drove the terms of bitcoin above $45,000 connected Tuesday.

Bloomberg expert James Seyffart shared connected societal media level X details of spot bitcoin ETFs that the SEC is presently considering. “Here’s a presumption of the Cointucky Derby starting gross arsenic of this morning. We’re focused connected these 11 spot bitcoin ETF filers. Expecting astir of these N/A’s to beryllium filled implicit the adjacent ~week.” He added that helium is expecting the SEC to o.k. immoderate applications betwixt Jan. 8-10. “Still looking for imaginable support orders successful that Jan 8 to Jan 10 window,” helium wrote.

“All oregon astir each of these filers person their AP’s [authorized participants] lined up and they cognize what their fees are going to beryllium (at slightest roughly). These N/A’s volition person to beryllium filled successful earlier motorboat and earlier SEC signs disconnected connected the S-1’s but are not needed for 19b-4 approvals arsenic acold arsenic I’m aware,” the expert added.

Last week, Reuters reported that the securities regulator could approve immoderate spot bitcoin ETF applicants that met the Friday deadline for amended filings arsenic soon arsenic Tuesday oregon Wednesday. CNBC reported Tuesday that the SEC could notify spot bitcoin ETF issuers “as soon arsenic this week if they’ve been cleared to launch” their ETFs.

However, reporters astatine Fox Business uncertainty that the SEC volition o.k. spot bitcoin ETFs aboriginal this week. Charles Gasparino shared connected X Tuesday: “People astatine Blackrock accidental it’s vigor soundlessness from the SEC.” Citing different Fox newsman Eleanor Terrett’s sources, helium wrote:

Eleanor Terrett’s sources accidental the magnitude of insubstantial enactment the SEC inactive needs to spell done marque the announcement apt toward week’s end.

The existent deadline for a spot bitcoin ETF determination is Jan. 10 for the connection by Cathie Wood’s Ark Invest and 21shares. Many expect the SEC to o.k. aggregate spot bitcoin ETFs astatine erstwhile connected oregon earlier that date.

When bash you deliberation the SEC volition o.k. a spot bitcoin ETF? Let america cognize successful the comments conception below.