Bitcoin ETF Countdown: SEC’s Decisive December Deadline – Here’s the Latest
The crypto community is on edge as the US Securities and Exchange Commission (SEC) approaches a crucial deadline for potential approval of a spot Bitcoin Exchange-Traded Fund (ETF).
The decision, scheduled for January 10, 2024, could mark a substantial entry for Bitcoin into traditional finance, although some have worried that it also paves the way for increased centralization.
Already, the SEC has reportedly set a deadline of December 29, 2023 for companies seeking to launch Spot Bitcoin ETFs to finalize their applications.
As has been widely reported in recent weeks and months, notable firms like BlackRock, Grayscale Investments, ARK Investments, and 21 Shares have engaged in discussions with the SEC, signaling widespread industry anticipation.
The December 29 deadline was confirmed by Fox Business reporter Eleanor Terrett in an X post on December 24 where she wrote that only the ETF applications that are “fully finished and filed” by that date will be considered for approval.
Confirming the date for final amendments to all S-1s by Friday the 29th. The @SECGov has told issuers that applications that are fully finished and filed by Friday will be considered in the first wave. Anyone who is not will not be considered. In addition, the filings cannot… https://t.co/syyINu1BEI
— Eleanor Terrett (@EleanorTerrett) December 24, 2023
Anticipation and speculation surround the possibility of the SEC approving multiple spot Bitcoin ETF applications collectively before the January deadline.
The expectation that the SEC will approve several applications at the same time has been shared repeatedly by analysts, including Bloomberg Intelligence’s Eric Balchunas.
As recently as on Wednesday this week, Balchunas said that the SEC is “ready to
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