The SEC is holding meetings today with major exchanges, including the New York Stock Exchange, Nasdaq, and the Chicago Board Options Exchange (CBOE), regarding spot Bitcoin ETFs. <\/p>\n
The information was revealed by a Fox Business journalist earlier today, bringing some sense of relief for the wider crypto community after crypto services firm Matrixport reported that the SEC would likely reject all ETF applications in January. This report triggered a major liquidation in todays market, as the crypto market lost more than $540 million in just four hours. <\/p>\n
SCOOP: The @SECGov is holding meetings today with the exchanges (@Nasdaq, @CBOE, @NYSE) to finalize comments on the 19b-4s submitted by the $BTC Spot ETF issuers. <\/p>\n
Despite Matrixports report of a possible denial, Bloombergs analysts have claimed that no substantial evidence pointing towards a rejection of the ETFs has been reported. <\/p>\n
People tagging me like crazy on this rejection report. We have heard nothing to indicate anything but approval but I want to give the guy benefit of doubt so Im asking if he has any sources or if he just speculating. He seems to be bitcoin bull and recently tweeted https:\/\/t.co\/KV7k4NXtba<\/a> <\/p>\n There was a brief debate on X between Bloomberg analyst Eric Balchunas and Matrixports Markus Thielen, who published the potential rejection report. Thielen clarified that the report wasnt based on any comments from SEC insiders or the ETF applications. However, he cited consensus among researchers to reach this prediction and has turned bearish on Bitcoin. <\/p>\n My report is not based on issuer, nor on SEC insider comments. Obviously this is massively out of consensus. I do think the SEC will vote it down. And yes, after being the biggest bull all year (predicted 45k by Xmas on Feb 1), I turned bearish today but the arguments were ready <\/p>\n However, todays meeting suggests a more optimistic outlook, aligning with broader market expectations of a possible approval by the SEC, potentially as soon as the following week. Jan. 10th has been identified as a critical date, marking a deadline for the numerous spot Bitcoin ETF applicants. <\/p>\n <\/p>\n See the original post here:<\/p>\n SEC holds urgent meetings with Nasdaq and NYSE to discuss Bitcoin ETFs - crypto.news<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The SEC is holding meetings today with major exchanges, including the New York Stock Exchange, Nasdaq, and the Chicago Board Options Exchange (CBOE), regarding spot Bitcoin ETFs. The information was revealed by a Fox Business journalist earlier today, bringing some sense of relief for the wider crypto community after crypto services firm Matrixport reported that the SEC would likely reject all ETF applications in January Continue reading