Is Bitcoin ETF listing application likely to be approved? TechCrunch reporter

Results may be available as early as this week

There is a possibility that a Bitcoin ETF listing application will be approved in the US soon.

Jacquelyn Melinek, a crypto reporter at TechCrunch, a well-known news distribution platform for IT startups and the web, posted on her social media on the 5th, “The SEC is planning to approve applications from “multiple” companies for a Bitcoin spot ETF.” “I heard from a source very close to the matter,” he said, “and we expect the results tomorrow.”

heard from sources extremely close to the matter that the bitcoin spot ETF is going to be approved by the SEC for *multiple* firms’ applications

— Jacquelyn Melinek (@jacqmelinek) January 4, 2024

Tomorrow is Friday, US time, which coincides with the “approval window” that has been the focus of Bloomberg ETF expert James Seyffart and others. Yesterday, Seyffart said on social media, “January 8th to January 10th is the SEC decision period that I am keeping an eye on.”

In addition, the final decision deadline for ARK’s application is set around January 10th, but multiple applicant companies, including BlockRock, Grayscale, and Fidelity, have recently held meetings with the SEC, so multiple SEC It has become more likely that a decision will be made on the company’s application at the same time.

It was also reported that the SEC held a meeting on Wednesday with officials from major exchanges where ETFs are traded, including the New York Stock Exchange, NASDAQ, and the Chicago Board Options Exchange. FOX Business reports that the SEC will begin issuing approval notices this Friday, and trading could begin as early as next week.

connection: SEC may make decisions on multiple Bitcoin ETF listing applications this week = US FOX Business report

On the other hand, there is also a negative view that this time it is not approved. Cryptocurrency services company Matrixport announced on the 3rd in a new analysis that the SEC will disapprove all Bitcoin spot ETFs (exchange traded funds) this month. As for the evidence, SEC Chairman Gary Gensler pointed out in December that there are many compliance violations in the virtual currency industry, but the company released on the 2nd, “Approval of Bitcoin spot ETF is imminent.” The report has been criticized for contradicting a report titled “Bitcoin price rises to $50,000.”

connection: U.S. SEC disapproves Bitcoin spot ETF again? Matrixport releases new analysis

Data source: Bloomberg

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