SEC Meetings Fuel Speculation on Imminent Spot Bitcoin ETF Approval
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- Bloomberg ETF analyst James Seyffart predicts official approvals for a spot Bitcoin ETF between January 8 and 10.
- The SEC is in discussions with major stock exchanges, including the New York Stock Exchange, Nasdaq, and Chicago Board Options Exchange.
- FOX Business reporter Eleanor Terrett’s report hints at the SEC signaling to issuers about possible approvals.
In a recent tweet, Bloomberg ETF analyst James Seyffart shared insights aligning with FOX Business reporter Eleanor Terrett’s reporting, hinting at the SEC signaling to issuers about potential approvals. While official approvals are anticipated between January 8 and 10, the analyst believes the gap between approval orders and actual trading will be measured in days, not weeks.
Following a flurry of Bitcoin ETF-related news, Eleanor Terrett’s report on FOXBusiness suggests that a breakthrough might be on the horizon. The Securities and Exchange Commission (SEC) has been having meetings with important stock exchanges like the New York Stock Exchange, Nasdaq, and Chicago Board Options Exchange.
This has raised hopes that the approval for a spot Bitcoin exchange-traded fund, for which people have been wai…
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