Y'all set to spend another week muttering about imminent spot bitcoin ETF approval?

<p>We've been sitting on the edge of our seat for months on this now. Last week, same old.</p><p>Thursday:</p><ul><li><a href="https://www.forexlive.com/Cryptocurrency/is-this-confirmation-that-a-spot-bitcoin-etf-has-been-officially-approved-20240104/" target="_blank" rel="follow" data-article-link="true">Is this confirmation that a spot Bitcoin ETF has been officially approved?</a></li></ul><p>Friday:</p><ul><li><a href="https://www.forexlive.com/Cryptocurrency/sec-asked-bitcoin-etf-issuers-to-submit-final-versions-of-key-docs-as-soon-as-today-20240105/" target="_blank" rel="follow" data-article-link="true">SEC asked bitcoin ETF issuers to submit final versions of key docs as soon as today</a></li></ul><p>A weekend update, this is the latest scuttlebutt I've heard, via Reuters:</p><ul><li>U.S. Securities and Exchange Commission on Friday discussed final wording changes on filings for spot bitcoin ETFs, a step that could lead to U.S. approval of the funds for the first time next week, sources familiar with the matter said.</li><li>updates are due by 8 a.m. ET (1300 GMT) on Monday</li><li>Multiple issuers said Friday they expect to receive final approval of S-1 filings by late Tuesday or Wednesday. </li></ul><p>—</p><p>On Thursday/Friday we got a 'sell the fact (arrow on the chart below) … before the fact. And then a 'gap fill' since:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *