SEC Signals Potential Bitcoin ETF Approvals, Says Analyst

• 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 waiting for a long time, might happen soon.

SEC staff attorneys from the Division of Trading and Markets are engaging in discussions with officials from major exchanges, fueling expectations of a positive outcome, according to FOX Business. While the final decision remains pending, sources close to the proceedings indicate that the SEC might begin notifying issuers of approval as early as Friday, with trading potentially commencing in the following week.

Analysts and issuers express confidence in a favorable decision from the SEC, with expectations of an announcement on or before January 10, as key meetings continue to shape the regulatory landscape.

The positive momentum for a spot Bitcoin ETF approval counters recent predictions made by Matrixport, suggesting that the SEC could reject all spot ETF applications in January. The divergent perspectives contribute to the uncertainty surrounding the regulatory fate of Bitcoin ETFs.