After years of filings and amendments, the Judgement Day on the application of spot bitcoin exchange-traded funds are going to be on 10th January, tomorrow. The decision, expected on Wednesday, could pave the way for several firms simultaneously to commence trading as early as Thursday morning.
Launch on The Horizon
Anticipation builds amidst the crypto community as insiders reveal that the U.S. Securities and Exchange Commission might finally approve spot Bitcoin ETFs as soon as Wednesday.
Anticipating the SEC’s positive declaration of some spot Bitcoin ETF issuers’ S-1 filings, it is believed that the stage is already set for multiple issuers to hit the market by Thursday morning.
Experts have identified 19b-4 filings as a crucial indicator of potential spot Bitcoin ETF approval. The SEC’s interaction with exchanges about 19b-4 amendments, allowing fund trading, is considered a positive sign for the ETFs.
Former US SEC Chair, Jay…
