Anthony Scaramucci Reveals Timeline for Spot Bitcoin ETF Approval!

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• Anthony Scaramucci, the founder of SkyBridge Capital, is quite optimistic about the approval of spot Bitcoin ETF applications by the U.S. Securities and Exchange Commission (SEC).
• During a podcast, Scaramucci stated that if directly asked whether the spot Bitcoin ETF would be approved by January 10, 2023, he would answer ‘yes.’
• Financial giants such as BlackRock, Fidelity, Valkyrie, and ARK Invest are competing to secure the approval for the first spot Bitcoin ETF from the Securities and Exchange Commission.

While discussions between BlackRock and the SEC intensify, SkyBridge Capital’s founder, Scaramucci, shares his thoughts on Bitcoin ETFs.

Scaramucci Talks About Spot Bitcoin ETF

Anthony Scaramucci, the founder of SkyBridge Capital, is quite optimistic about the approval of spot Bitcoin ETF applications by the U.S. Securities and Exchange Commission (SEC). This comes after SEC officials engaged in discussions with representatives from BlackRock regarding the potential ETF approval. Meanwhile, the Bitcoin Price (BTC) is maintaining its level around $38,000 before the Christmas holiday season.

During a podcast, Scaramucci stated that if directly asked whether the spot Bitcoin ETF would be approved by January 10, 2023, he would answer ‘yes.’ He added that approval by January 10 is the most logical and likely outcome. Several ETF applications are aligning a date before January 10, where they could set the stage for approval, but the Commission may choose to extend the waiting period for technical reasons.

Financial giants such as BlackRock, Fidelity, Valkyrie, and ARK Invest are competing to secure the approval for the first spot Bitcoin ETF from the Securities and Exchange Commission. Analysts predict that the SEC will opt for mass approval of applications to avoid giving a first-mover advantage to a single company.

Intensification of BlackRock – SEC Discussions

As previously reported by COINOTAG, another meeting was held between representatives from BlackRock and officials from the SEC’s Division of Trading and Markets, involving negotiations on the spot Bitcoin ETF application. This meeting lasted about a week, following the initial meeting where the parties discussed the selection of the cash model summary that could potentially be used for the ETF.

Additionally, it was reported that the SEC held discussions with crypto exchanges regarding the necessary changes for ETF operations. Coinbase, a prominent U.S.-based exchange, dominates the trust seal among most spot Bitcoin ETF candidates.