Franklin

Bitcoin ETF

Bitcoin

Spot

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<ul> 
 <li>According to a post by Balchunas today, it has been revealed that the U.S. Securities and Exchange Commission’s (SEC) Trading &amp; Markets division communicated with exchanges this week.</li> 
 <li>The occurrence of such a development today has stirred excitement in the crypto community, and the Bitcoin price surged by more than 2%, touching $36,800.</li> 
 <li>Another ETF analyst, James Seyffart, shared his views on the Franklin Templeton application, anticipating another delay.</li> 
</ul> 
<p><strong>According to information obtained from ETF analyst Eric Balchunas at COINOTAG, the SEC’s Trading &amp; Markets division is in discussions regarding spot Bitcoin ETFs!</strong></p> 
<h2 id="strong-statement-from-etf-analyst-with-insights-from-sec-sources-strong"><strong>Statement from ETF Analyst with Insights from SEC Sources</strong></h2> 
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-126551" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-53.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="bitcoin-btc" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-53.webp?w=1280&amp;quality=70&amp;ssl=1 1280w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-53.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-53.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-53.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-53.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-53.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-53.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></p> 
<p>According to a post by renowned ETF analyst Eric Balchunas today, it has been revealed that the U.S. Securities and Exchange Commission’s (SEC) Trading &amp; Markets division communicated with exchanges this week. Balchunas stated that this was expected but emphasized its significance.</p> 
<p>According to Balchunas’s post, the SEC’s Trading &amp; Markets division is urging exchanges to make adjustments in the coming weeks. Eric Balchunas says the following in his post:</p> 
<blockquote>
 <p>“The SEC’s Trading &amp; Markets division communicated with exchanges this week regarding spot Bitcoin ETF 19b-4s, asking them to prefer cash creation (non-in-kind) for ETFs and requesting exchanges to make adjustments in the coming weeks. While this is expected, it’s still a positive sign.”</p>
</blockquote> 
<p>The occurrence of such a development today has stirred excitement in the crypto community, and the Bitcoin price surged by more than 2%, touching $36,800. Currently, the Bitcoin price is trading at the $36,450 level. Despite remaining under selling pressure during the day, Bitcoin price managed to recover once again.</p> 
<p>Also today, the window for the SEC to approve spot Bitcoin ETFs will close. Following the recent decision by the SEC to postpone Hashdex’s spot Bitcoin ETF, a decision is expected today for Franklin Templeton’s application. Additionally, the SEC postponed the spot Ethereum ETF application by Hashdex today. Grayscale’s Ethereum Futures ETF was also postponed in recent days.</p> 
<h2 id="strong-seyffart-is-expecting-another-delay-today-strong"><strong>Seyffart is expecting another delay today</strong></h2> 
<p>The SEC’s window will close on November 17, and there is little time left for any decision to be made. Another ETF analyst, James Seyffart, shared his views on the Franklin Templeton application, stating that he expects another delay. Seyffart said the following in his statement:</p> 
<blockquote>
 <p>“I still can’t find any sign in Franklin’s Bitcoin ETF 19b-4 filing. However, I still expect a delay order today.”</p>
</blockquote> 
<p>The post <a rel="nofollow" href="https://en.coinotag.com/approval-for-spot-bitcoin-etfs-in-the-u-s-might-be-coming-famous-etf-analyst-announces/">Approval for Spot Bitcoin ETFs in the U.S. Might Be Coming: Famous ETF Analyst Announces!</a> appeared first on <a rel="nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p> 
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Approval for Spot Bitcoin ETFs in the U.S. Might Be Coming: Famous ETF Analyst Announces!

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