Bitcoin ETF Approval Inches Closer as SEC Readies Final Decision Date

• Fox Business reporter suggests that the approval of a Bitcoin Spot ETF early this week is unlikely to occur. 
• The United States Securities and Exchange Commission must review the filed S-1 forms.
• The SEC is set to specify a final date, effective within 24-48 hours after this review.

Fox Business reporter Eleanor Terret has indicated that the approval of a Bitcoin spot ETF early this week is unlikely to occur. In a post on X, she asserted that the United States Securities and Exchange Commission (SEC) must review the filed S-1 forms.

Terret explained that the SEC needs to review all the changes made to the S-1 forms filed and provide comments on them. She mentioned, “From what I understand through conversations I’ve had with issuers, the SEC still has to review all the changes made to the S-1s filed on Thursday/Friday AND make comments on them.”

According to Terret’s insights, the SEC is likely to inform issuers of a final date for filing Form S-1 after this round of review and make it effective within the subsequent 24-48 hours. This timeline mirrors the approval process observed for Ethereum futures last October.

Terret added, …

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