SEC asked bitcoin ETF issuers to submit final versions of key docs as soon as today
<p>I continue to believe a bitcoin ETF is a done deal with a launch likely next week.</p><p>The latest report comes from Bloomberg and cites four people familiar who say the SEC told several issueers that they should submit a final version of a key listing document as soon as today.</p><p>Two of the sources said staff had no additional feedback on the paperwork.</p><p>The report says SEC commissioners are expected to vote on the filings next week.</p><p>We've seen many reports this week saying it's a done deal and yet the price of bitcoin hasn't responded positively, which makes me think that people are front-running the sell-the-fact trade. Bitcoin has rallied to $45K from $30K largely on hopes for an ETF approval.</p>
This article was written by Adam Button at www.forexlive.com.
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