Bloomberg analyst James Seyffart pinpoints a crucial SEC decision window for the potential approval of twelve Bitcoin ETFs. Read more on CT.
- SEC's decision on 12 Bitcoin ETFs is expected between Nov 9-17, with the discretion to approve nine by Jan 10.
- Grayscale in strategic discussions with SEC following court victory, aiming to convert GBTC into a spot ETF.
- Analysts express cautious optimism as Bitcoin and other cryptocurrencies show significant price gains.
The United States Securities and Exchange Commission (SEC) is approaching a pivotal window that could see the approval of twelve spot Bitcoin exchange-traded funds (ETFs), a decision that is being closely watched by the cryptocurrency industry. Bloomberg ETF analyst James Seyffart has identified the period between November 9 and November 17 as a critical juncture for these approvals.
The SEC's simultaneous issuance of delay orders for a group of applicants, including industry giants like BlackRock, Bitwise, VanEck, WisdomTree, Invesco, Fidelity, and Valkyrie, has set the stage for a potential mass approval. Seyffart indicated that this window is the first available opportunity for the SEC to approve all 12 filings since Grayscale's legal victory was affirmed.
Read full article at CryptoTale.