BitcoinWarrior

News and Education

Significant progress in Bitcoin ETF application, SEC commissioners to vote next week, could see $2 billion inflow

Will the results be next week?

It appears likely that applications for listing multiple Bitcoin spot ETFs in the US will be approved next week.

A Bitcoin ETF issuer has cleared a major hurdle for Securities and Exchange Commission (SEC) approval, Bloomberg reported on the 6th, and the SEC’s staff has announced several important filings. “There is no more feedback,” SEC staff said, asking multiple exchanges and ETF applicant companies to submit final versions of key documents as early as Friday. SEC commissioners are scheduled to vote on the exchange rules filing next week.

Subsequently, it was revealed that NASDAQ had resubmitted the 19b-4 forms for BlackRock and Valkyrie’s applications.

Yesterday, Jacquelyn Melinek, a crypto reporter at TechCrunch, a well-known news distribution platform for IT startups and the web, said, “Bitcoin spot ETF is expected to be approved by “multiple” companies by the SEC. I heard from a close source.” Additionally, Bloomberg’s ETF expert James Seyffart and others are focusing on the SEC’s decision period from January 8th to January 10th.

connection: TechCrunch reporter keeping an eye on SEC’s Friday announcement on whether Bitcoin ETF listing application is likely to be approved

The final decision deadline for ARK’s application is currently set around January 10th. Meanwhile, multiple filings, including BlockRock, Grayscale, and Fidelity, have recently met with the SEC, raising the possibility that the SEC will issue decisions on multiple companies’ applications at the same time.

connection:
Learn about Bitcoin ETFs from the beginning: Explaining the advantages and disadvantages of investing and how to buy US stocks

Bitcoin ETF special feature

BlackRock could see $2 billion inflow

In addition, Matthew Sigel of VanEck, one of the companies applying for a Bitcoin ETF, has already received $2 billion from existing Bitcoin holders who want to transfer to a Bitcoin spot ETF in the first week, assuming BlackRock is approved. It was also reported that he had heard from an influential source that funds were being prepared.

Eric Balchunas, another ETF expert at Bloomberg, commented on this information, saying, “This is something I’m paying attention to as well.I’ve never heard of it, but I think it’s the power of BlackRock’s brand. “If that information is true, the $2 billion inflow would be a new record for first-week volume in the ETF market.” commented.

connection:Why Arthur Hayes predicts a sharp fall in Bitcoin in March What are the three major events to watch?

Data source: Bloomberg

CoinPost Special feature for virtual currency beginners

The post Significant progress in Bitcoin ETF application, SEC commissioners to vote next week, could see $2 billion inflow appeared first on Our Bitcoin News.