Cryptocurrency

Optimism

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/optimism-in-cryptocurrency-markets-as-etf-approval-anticipated/" data-wpel-link="internal">Optimism in Cryptocurrency Markets as ETF Approval Anticipated</a> 
Optimism in the cryptocurrency markets remains strong, with expectations of an ETF approval coming within days. There are some dissenting opinions, but their lack of substantial arguments only increases the optimism. Those anticipating ETF approval have many signs that their expectations may soon be met, and these signs are growing by the day. 
<h2 style="text-align: justify" id="spot-bitcoin-etf">Spot Bitcoin ETF</h2> 
Bloomberg analysts are confident that the SEC will grant ETF approval between January 8-10, assigning a 90% probability to this outcome. When it comes to cryptocurrencies, and experts like Eric and James are discussing a 90% probability, there are plenty of reasons to believe. 
Potential ETF issuers continue to update their filings. About 15 hours ago, we announced the initial filing at the last minute. Now, Grayscale has become the latest firm to file Form 8-A. This form, aimed at registering ETFs as securities with the SEC, indicates that approval is drawing near. 
Form 8-A signifies a registration that allows issuers to trade on an exchange once the product is approved. Grayscale’s move comes a day after Fidelity submitted Form 8-A and on the eve of the Securities and Exchange Commission’s decision on whether to approve a spot <a href="https://en.coin-turk.com/critical-data-revealed-impact-on-bitcoin-and-cryptocurrencies/" data-wpel-link="internal">Bitcoin</a> ETF. 
<h2 style="text-align: justify" id="cryptocurrencies-may-rise">Cryptocurrencies May Rise</h2> 
Grayscale’s ETF process includes overlooked details. After a court decision in August, the SEC began to reconsider the process based on the previous application. If the SEC did not need to save time and be forced to give ETF approval in the first week of January, it could have asked Grayscale to reapply, thus gaining the time it wanted. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-298197 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/Grayscale-ETF.png" alt="" width="1031" height="330"> 
However, the SEC seemed unwilling to resist further and continued the process based on the current application, holding over 30 meetings in December. In the last 24 hours, it also met with exchanges to discuss ETFs. 
A spokesperson for Grayscale stated; 
<blockquote> 
 “At Grayscale, we continue to work in collaboration with the SEC to list GBTC as a spot Bitcoin ETF on NYSE Arca. Grayscale is ready to operate GBTC as an ETF following regulatory approvals.” 
</blockquote> 
ETF issuers, including BlackRock and Fidelity, have had dozens of meetings with the SEC in the last 30 days, updated their ETF filings numerous times, and everything has been shaped to the SEC’s requirements. Now, the decision rests with the SEC. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/optimism-in-cryptocurrency-markets-as-etf-approval-anticipated/" data-wpel-link="internal">Optimism in Cryptocurrency Markets as ETF Approval Anticipated</a></h5>

Optimism in Cryptocurrency Markets as ETF Approval Anticipated

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