Bitcoin ETF

Bitcoin

Spot

The SEC is increasing its meetings with companies that have applied for a spot <a href="https://en.coin-turk.com/bitcoin-wallet-holding-56-3-million-suddenly-comes-to-life-adding-to-the-list-of-awakening-bitcoin-whales/" data-wpel-link="internal">Bitcoin</a> ETF as a potential approval approaches. We have been writing about this for a while because there have been over 30 meetings, and December was the busiest month in history for <a href="https://en.coin-turk.com/bitcoin-struggles-to-cross-30000-insights-on-the-behavior-of-btc-whales-and-holders/" data-wpel-link="internal">BTC</a> ETFs. Everyone is now certain that the end is near. So what is the main focus of the SEC? 
<h2 style="text-align: justify" id="sec-and-spot-bitcoin-etf-approval">SEC and Spot Bitcoin ETF Approval</h2> 
According to inside sources at FOX Business, the SEC held several conferences with companies that applied for a spot Bitcoin ETF on Thursday afternoon. The meetings discussed some details of the application process, but the definitive message on how the ETFs would be structured was the most important issue. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-292778 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/12/SEC-spot-Bitcoin-ETF-Onay.png" alt="" width="841" height="474"> 
There is only one condition for the approval of a spot Bitcoin ETF, which is that the ETFs must only allow trading with cash. In other words, investors will not be able to exchange BTC for dollars or dollars for BTC. According to FOX Business, SEC staff have said that anything mentioned about in-kind purchases or redemptions must be removed from the application. Companies quickly updated their files and prepared their applications for January. 
The cash-only structure is of key importance to the SEC, and acceptance of this is a condition for those seeking approval. 
<h2 style="text-align: justify" id="when-will-the-btc-etf-approval-happen">When Will the BTC ETF Approval Happen</h2> 
Within the next 10 days, we will see ETF issuers begin to update their S-1 filings for the next stage, which is AP approvals. When we see this, the ETF approval date will also become largely clear. Experts see the possibility of approval before January 8-10 as very weak because the comment period for an expected application has not yet expired. 
The SEC has a concern to approve all possible applications at the same time to provide equal opportunity. Accordingly, the January 8-10 date is the most reasonable period. CoinRoutes co-CEO David Weisberger commented on all this; 
<blockquote> 
 “It seems that the Commission, as a final hurdle before the transition, has directed the amendment towards creating cash. Although the timing is not certain, it is likely to happen before the next deadline of January 10th.” 
</blockquote> 
The price of Bitcoin is currently at $43,634, and as the ETF approval is just days away, it is finding buyers below $44,000. Continue Reading: <a href="https://en.coin-turk.com/sec-increases-meetings-with-firms-as-spot-bitcoin-etf-approval-nears/" data-wpel-link="internal">https://en.coin-turk.com/sec-increases-meetings-with-firms-as-spot-bitcoin-etf-approval-nears/</a>

SEC Increases Meetings with Firms as Spot Bitcoin ETF Approval Nears

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