It has been just reported that the Bloomberg senior ETF analyst Eric Balchunas is now optimistic about the approval of a spot BTC ETF by the SEC. Check out the latest reports about this below.
SEC’s approval for spot BTC ETF
Check out the following relevant tweet below:
JUST IN: Bloomberg Senior ETF Analyst Eric Balchunas says "SEC is giving final comments as we speak, then issuers will submit final 19b-4s and S-1s soon after." 👀 pic.twitter.com/SOfHFVWNsN
— Bitcoin Magazine (@BitcoinMagazine) January 4, 2024
Someone commented: “Bloomberg Senior ETF Analyst Eric Balchunas’ statement suggests that the SEC is in the final stages of providing comments, paving the way for issuers to submit the final 19b-4s and S-1s soon. This indicates progress toward potential developments in the ETF approval process.”
Spot BTC ETF in the news
Not too long ago, we reported the fact that Fidelity, a $4.5 trillion asset management company, has officially filed a registration of securities with the SEC for its spot Bitcoin ETF.
Fidelity, the leading financial services company, has filed an application for a Bitcoin ETF with the US Securities and Exchange Commission (SEC) in June.
The SEC has now begun the registration process for the securities, which is the first step towards potentially approving the ETF. Fidelity has been actively engaging with the SEC on multiple occasions, providing insights into the importance of the ETF.
The company has also submitted a pending Spot Ethereum ETF application to the SEC in November.
Although many people view Fidelity’s registration of securities and its spot Bitcoin ETF listing as a positive development, some critics have expressed concerns about these investment vehicles.
The next step for Fidelity is for the SEC to review the securities registration, which has already been accepted.
Many experts anticipate that approval for the Spot Bitcoin ETF will come as early as this month, with the latest being the end of Q1 2024.
