Expert predicts spot Bitcoin ETFs will not get approved this week
Fox Business reporter Eleanor Terrett said approval of a spot Bitcoin ETF in early January is unlikely. In an X post, Fox journalist Eleanor Terrett noted that the Securities and Exchange Commission (SEC) still needs to review changes to the S-1 filings for spot Bitcoin ETFs. While the @SECGov is surely unpredictable, it would surprise me if approvals were to happen tomorrow. From what I understand through conversations I’ve had with issuers, the SEC still has to review all the changes made to the S-1s filed on Thursday/Friday AND make comments on… https://t.co/CnkYdXsbD4 — Eleanor Terrett (@EleanorTerrett) January 1, 2024 She said the SEC will likely notify issuers of a final Form S-1 filing date following this round of review, practical within the next 24 to 48 hours, similar to the approval schedule for Ethereum (ETH) futures ETFs last October. “SEC staff has been off since Friday, so a Tuesday or Wednesday approval seems tight. But we shall see! Regardless, the next tw...