Today the first BITCOIN-ETF applications WILL BE ACCEPTED/REJECTED, what is known?

January 10 is the deadline for making a decision on the application for spot ETF from ArkInvest and 21 Shares.

This application was submitted earlier than the others, on May 15, 2023. 240 days have passed. It can no longer be carried forward. Accordingly, either acceptance or refusal.

If denied, the SEC will have to change its grounds. The “high level of market manipulation” as a reason, following a ruling in Grayscale's favor, will be a basis for a lawsuit against the SEC with a high probability of victory for the plaintiff.

ArkInvest managed to file a new amended form as required by the SEC (S-1) by December 29. And this can no longer be a basis for the SEC’s refusal.

However, it was Cathie Wood who stated many times that all spot ETFs would be accepted at or near the same time.

New market offer for commissions from ArkInvest - 0.25%

I still think that the main application is from BlackRock, and it will be considered only in March 2024?

🍸Hints?)