United

Bitcoin ETF

Bitcoin

James

<div class="sg-post-des">
 There’s an eight day window between Nov. 9 and Nov. 17 where all 12 spot Bitcoin ETF filings could be approved by the SEC, according to Bloomberg ETF analysts James Seyffart and Eric Balchunas.
</div>
<div class="cointelegraph">
 The United States Securities and Exchange Commission could <a rel="noopener noreferrer nofollow" title="approve" href="https://thebittimes.com/tag/approve.html">approve</a> all 12 of the pending spot Bitcoin (BTC) exchange traded fund (ETF) applications within the next eight days.&nbsp;
 Bloomberg ETF analysts James Seyffart and Eric Balchunas wrote that starting from Nov. 9 the SEC has a “<a rel="noopener noreferrer nofollow" title="window" href="https://thebittimes.com/tag/window.html">window</a>” to <a rel="noopener noreferrer nofollow" title="approve" href="https://thebittimes.com/tag/approve.html">approve</a> all 12 spot Bitcoin ETF filings — including Grayscale’s conversion of its GBTC trust product — in the days leading up to Nov. 17, but stressed this was only a possibility.
 <blockquote class="twitter-tweet">
 New Research note from me today. We still believe 90% chance by Jan 10 for spot #Bitcoin ETF approvals. But if it comes earlier we are entering a window where a wave of approval orders for all the current applicants *COULD* occur pic.twitter.com/u6dBva1ytD— James Seyffart (@JSeyff) November 8, 2023
 </blockquote>
 “Delay orders were issued by the SEC for BlackRock, Bitwise, VanEck, WisdomTree, Invesco, Fidelity &amp; Valkyrie at the same time,” Seyffart wrote in a Nov. 8 post on X (formerly Twitter).
 <blockquote>
 “If the agency wants to allow all 12 filers to launch — as we believe — this is the first available window since Grayscale's court victory was affirmed.”
 </blockquote>
 The reason for this brief window is that when the SEC extended the deadline for a number of the pending spot Bitcoin ETF filings, it selected Nov. 8 as the last day of the comment period.
 From Nov. 17, the comment period for 3 filings, including Global X Bitcoin Trust, Hashdex Bitcoin ETF and Franklin Bitcoin ETF would recommence, meaning that they wouldn’t be <a rel="noopener noreferrer nofollow" title="approve" href="https://thebittimes.com/tag/approve.html">approve</a>d or denied until after Nov. 23 at the earliest.
 While the window for accepting all 12 filings ends on Nov. 17, Seyffart added that the SEC could technically make a decision on nine of the twelve applications anytime before Jan. 10.
 <figure><img src="https://cdn.thebittimes.com/images/2023/11/09/7987dd360e0ebd0293832b146aab06c9.webp">
 <figcaption style="text-align: center;">Nine of the pending spot Bitcoin ETF applications could technically be approved anytime before Jan. 10. Source: James Seyffart
 </figcaption>
 </figure>
 While the approval of a spot Bitcoin ETF is in no way guaranteed, both Seyffart and Balchunas predict a 90% chance of an approval sometime before Jan. 10 next year.
 <h3 id="grayscale-in-talks-with-sec-over-gbtc-conversion">Grayscale in talks with SEC over GBTC conversion</h3>
 While market pundits eagerly await the SEC’s decision, crypto asset manager Grayscale has reportedly initiated discussions with the regulator concerning its application to convert its trust product GBTC into a spot Bitcoin ETF, according to a Nov. 9 report from CoinDesk.
 According to sources familiar with the matter, Grayscale has been in contact with both the SEC's Division of Trading and Markets and the Division of Corporation Finance since winning its court battle with the regulator on Aug. 29.
 As the perceived odds of a Bitcoin ETF being <a rel="noopener noreferrer nofollow" title="approve" href="https://thebittimes.com/tag/approve.html">approve</a>d have increased, so too has optimism in the crypto market, with the price of Bitcoin gaining more than 30% in the last 3 months. Bitcoin’s outsized rally has buoyed price activity in other major assets as well.
 Related: Spot Bitcoin ETF hype reignited zest for blockchain games: Yat Siu
 In the past month, Solana (SOL) gained a staggering 93% amid scaling improvements, while Ripple (XRP) and Ether (ETH) grew 36% and 20% respectively.
 While many within the industry are confident an approval will kickstart the next bull market, other analysts aren’t convinced that the rally has staying power.
 Magazine: How to protect your crypto in a volatile market — Bitcoin OGs and experts weigh in
 <template data-name="subscription_form" data-type="crypto_biz"></template>
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/sec-s-first-window-to-approve-all-12-spot-bitcoin-etfs-starts-today-tbt69595.html">https://thebittimes.com/sec-s-first-window-to-approve-all-12-spot-bitcoin-etfs-starts-today-tbt69595.html</a>

SEC’s first window to approve all 12 spot Bitcoin ETFs starts today

目录

TheBitTimes

发布于 2023年11月9日的其他文章

12 Spot Bitcoin ETF Dapat Disetujui dalam Hitungan Hari

BTC Sentuh US$36 Ribu Hari Ini, Sasar US$38 Ribu

BlackRock Registers Ethereum ETF in Delaware

Assassin’s Creed: Ubisoft Dives Into Crypto Gaming With Immutable

Breaking Key Bitcoin Resistance Enables “New ATHs Every Single Time” According to Top Analyst – H...

Sources Inside BlackRock Reveal Details on the State of the Bitcoin Spot ETF Approval

订阅我们免费的电子期刊，获取每日最新加密领域动态！