Spot Bitcoin ETF Analysts Eye January 10th Approval Deadline As approval for a spot bitcoin ETF from the U.S. Securities and Exchange Commission (SEC) looms closer and closer, research experts are still expecting the federal agency’s approval deadline
to occur before January 10th, 2024 despite a series of grueling last-minute changes. Bloomberg ETF analyst,
James Seyffart, claimed that while many experts are still anticipating approvals to occur
between January 8th and January 10th, “some issuers may be left behind.” On December 21st,
the SEC met with a number of spot bitcoin ETF candidates to further discuss the details of a potential approval, according to documents listed on the commission’s website. Seyffart’s statement comes shortly after spot bitcoin ETF hopefuls Blackrock and ARK Invest were forced to update their S-1 registration statements in order to comply with federal regulations. More specifically, the companies decided to amend their applications to follow a cash creation system over in-kind transactions
at the alleged behest of the SEC.
