Countdown for Crypto Trailblazers: SEC Ultimatum on Spot Bitcoin ETF Filings! With the clock
ticking down to December 29th, all eyes are on the
spot bitcoin ETF applicants as they hustle to update their filings. The
U.S. Securities and Exchange Commission (SEC) has laid down the law: get your papers sorted, or risk missing out on being part of the early January decision-making fiesta!
Industry giant
Blackrock and other hopefuls once batted for the in-kind model but have since shifted gears to the
cash creation method favored by the SEC. Let's just say, when the SEC speaks, the market listens (and quickly rearranges its paperwork).
Behind-the-scenes scuttlebutt suggests that approval whispers could turn to roars in the
first few business days of 2024. Imagine launching into the new year with a spot bitcoin ETF green light – talk about starting off with a bang!
The pot gets even sweeter with
Blackrock seeding its ETF with a cool
$10 million come January 3rd. Meanwhile, SEC Chair
Gary Gensler keeps us on our toes with cautionary crypto comments, despite the rising ETF excitement.
