Will SEC Approve Bitcoin ETF This Week? Report Hints at Friday

The reports suggest an imminent regulatory nod from the commission, stirring hopes and optimism among hopeful investors and issuers.

Man seeing that an American eagle is hiding a piece of Bitcoin.
Created by Kornelija Poderskytė from DailyCoin
  • The Securities and Exchange Commission has reportedly met with stock exchange officials.
  • New reports suggest a potential Bitcoin ETF approval this week.
  • Grayscale has filed to register its Grayscale Bitcoin Trust (GBTC).

For months, the cryptocurrency industry has buzzed with expectations for a Bitcoin ETF approval by the Securities and Exchange Commission (SEC). While the commission’s unpredictable and stringent approach has posed a challenge to the guarantee of a positive verdict, investors have remained hopeful and excited for the potential benefits that await the industry.

As the January 10 deadline nears, the commission may be shifting its once-stiffened and unwelcoming approach to the industry as new reports point to the likelihood of a Bitcoin ETF approval within the current week.

SEC Nears Bitcoin ETF Approval?

On Wednesday, January 3, reports stated that the SEC has recently held a series of meetings with major U.S stock exchanges, including the New York Stock Exchange, Nasdaq and Chicago Board Options Exchange, where Bitcoin ETFs would trade upon approval.

The reports suggest an imminent regulatory nod from the commission, stirring hopes and optimism among hopeful investors and issuers.

While the reports do not guarantee a specific timeline for the commission’s decision, speculations are circulating about the potential for a decision to be made as early as this Friday.

Further fuelling the optimism for an imminent approval, Bitcoin ETF issuer Grayscale has filed for the registration of its Grayscale Bitcoin Trust (GBTC).

Read more on Grayscale’s efforts for secure an approval as deadline nears:
Grayscale Talks Bitcoin ETFs with JPMorgan and Goldman Sachs 

The contrasting MatrixPort report had ripple effects, find out more: 
Crypto Crash “Beyond Our Control,” Says Matrixport’s Wu 

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Grace Abidemi

Grace Abidemi, a cryptocurrency reporter at DailyCoin, covers industry developments and trends. She previously worked as a freelance writer. With a Bachelor's degree in German Language and certifications in marketing and storytelling, Grace creates engaging content. When not working, she's in Nigeria, mastering cooking and canvas painting, and enjoys learning about different cultures and languages.