#BitcoinETFs! : The Possibility of Early Approval from the #SEC Front Created Excitement in the Market

According to Mario Nawfal at platform X, multiple sources point to the possibility of multiple Bitcoin Spot ETF applications being approved as early as January 5, 2024. Additionally, reports from Fox Business and hints from Bloomberg Intelligence analysts suggest this possibility exists. It is stated that ETF approval may come this week. However, the general view is for specific approval to be obtained before the January 20, 2024 deadline.

More importantly, January 10 is the date the SEC may decide on the #ARK 21Shares Bitcoin ETF application. In parallel, SEC officials held a series of meetings with many ETF applicants. Companies such as Blackrock and Grayscale each held at least 4 meetings with authorities upon their applications. Cathie Wood, chief executive officer of Ark Invest, later shared that discussions with the Commission were extremely encouraging and expressed confidence that approval would be obtained in January 2024.