Bitcoin ETF

Bitcoin

Spot

<p>The post <a href="https://coinpedia.org/news/blackrocks-third-meeting-with-sec-signals-approval-of-spot-bitcoin-etf/" rel="noopener noreferrer nofollow">Blackrock’s Third Meeting with SEC Signals Approval of Spot Bitcoin ETF</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<ul>
 <li>Earlier on Monday, the SEC released a <a href="https://www.sec.gov/comments/sr-nasdaq-2023-016/srnasdaq2023016-301739-769762.pdf" rel="noopener noreferrer nofollow">memo</a> to confirm that they met BlackRock and Nasdaq Stock Market employees.</li>
 <li>As the clock ticks down to January 10, JPMorgan and other financial giants eagerly await the SEC’s judgment on their applications for Bitcoin ETF. Experts predict a final verdict by early 2024, but the SEC is taking its time to carefully examine each proposal.</li>
</ul>
<p>Investment giant Blackrock has held a <a href="https://twitter.com/BTC_Archive/status/1737228501353136425" rel="noopener noreferrer nofollow">third meeting</a> with the US Securities and Exchange Commission (SEC) in a week, potentially signifying the final steps before the approval of the first-ever spot Bitcoin ETF in the US. The meetings come ahead of the January 8-10 deadline for the SEC’s decision on various Bitcoin ETF filings, including Blackrock’s iShares Bitcoin Trust.</p>
<p><img decoding="async" width="450" height="358" src="https://lh7-us.googleusercontent.com/IteJ5nARUWHhDRQKSZ3lExUkciWbEidEwMs9KkyDD2WPhJgh-98pXWf831ZWETFHiDBip21X4lDVRX-djvJRDDU7c4Gpr3a9YCKOw20zMZHaXxtfTfVcpfoiPPgaztusmr6kRWMrpmt4-tjqEVkhZs4"></p>
<h2 class="wp-block-heading" id="h-analysts-predict-approval-soon"><strong>Analysts Predict Approval Soon</strong></h2>
<p>While some analysts predict that the SEC could approve all filers at once, others believe that approval is likely before the deadline. <a href="https://coinpedia.org/news/michael-saylor-predicts-2024-bull-run-with-bitcoin-etf-as-major-wallstreet-development-in-30-years/" rel="noopener noreferrer nofollow">Michael Saylor</a>, founder of MicroStrategy, has expressed confidence in a January approval, predicting a demand shock for Bitcoin. Mike Alfred, an entrepreneur, has predicted a 98.7% chance of Bitcoin ETF approval before January 10 and Galaxy Digital CEO <a href="https://twitter.com/WatcherGuru/status/1737174498917691772" rel="noopener noreferrer nofollow">Michael Nobogratz</a> says Bitcoin ETF will be surely approved before January.</p>
<h2 class="wp-block-heading" id="h-implications-of-approval-on-crypto-market"><strong>Implications of Approval on Crypto Market</strong></h2>
<p>If approved, Blackrock’s iShares Bitcoin Trust could have significant implications for the crypto market. As in front of us, only the rumors of approval have skyrocketed the Bitcoin Price. However, some analysts warn that a sudden influx of institutional capital could also lead to increased volatility and price swings in the short term as investors seek to capitalize on potential gains.</p>
<p><strong>To conclude,</strong> Spot Bitcoin ETF approval is a hot topic these days in the crypto industry with a huge number of speculations and investors hope Bitcoin ETF approval is the real possibility before January 10.</p>

Blackrock’s Third Meeting with SEC Signals Approval of Spot Bitcoin ETF

Table of Contents

CoinPedia News

Other articles published on Dec 20, 2023

SOLANA Moment of Truth:Will the Rally Roar or Correction Clouds Gather

Cardano Price Jumps To A High Of $0.80

CoinTR Launches EOS Staking Campaign Offering Up to 36.5% Annualized Return

Cardano to Train Petrobras Staff on Blockchain, Participants to Earn NFT Rewards

What is Injective (INJ)? Overview, Features, And Complete Working

MicroStrategy CEO Hails Bitcoin ETF, The Next Biggest Development On Wall Street

Join our free newsletter for daily crypto updates!