LIVESEC decision on spot bitcoin ETFs expected to come today: Here’s what we know
One high-ranking executive at a prospective spot bitcoin ETF issuer told The Block that they are expecting approvals for S-1 forms tonight.
Once 19b-4 forms have come in and S-1 forms are deemed effective, trading can begin the following day.
While the SEC’s meticulous planning around the potential approval of a spot bitcoin ETF was thrown into chaos yesterday — as its X account was breached and a fake approval post was put out — all signs continue to point toward a decision coming today.
One high-ranking executive at a prospective spot bitcoin ETF issuer told The Block that they are expecting approvals for S-1 forms tonight.
Fox Business journalist Eleanor Terrett similarly said on X that multiple potential spot bitcoin ETF issuers have said they are still very optimistic about approvals coming through today.
While issuers and analysts appear to agree that the decision will likely come through today, what's less clear is when they might come in.
Bloomberg ETF analyst Eric Balchunas said, “Most likely is we see formal approvals ballpark 4-6pm [ET] today with the Derby starting on Thursday,” he said.
His colleague James Seyffart noted that approvals could come anytime until roughly 6pm ET, suggesting that they might come after market close.
