SEC Delays Anticipated Spot Bitcoin ETF Decision, Filing Status Revealed

Spot Bitcoin ETF approvals speculated amid SEC reviews

Bloomberg analyst James Seyffart shared on social media the status of 11 spot bitcoin ETF filings currently under SEC review. Seyffart hinted at potential approvals between January 8-10, expecting the SEC to make progress on the pending applications in that window. He highlighted that most applicants have lined up authorized participants (APs) and outlined their fee structures, with remaining fields to be filled before launch.

While reports last week suggested imminent approvals, conflicting accounts have arisen. Fox Business's Charles Gasparino relayed that Blackrock insiders noted no updates from the SEC, while another Fox reporter, Eleanor Terrett, indicated that substantial paperwork remains, possibly delaying announcements until later in the week.

The official deadline for the SEC's decision on the spot bitcoin ETFs proposed by Ark Invest and 21shares is January 10. Speculation persists that the SEC might approve multiple applications simultaneously, either on or before the set date.

Rising market anticipation surrounds SEC's Bitcoin ETF decisions

As market anticipation escalates, the SEC's deliberations on the spot bitcoin ETFs continue, with various analysts closely monitoring the situation for any regulatory developments.