This coming Friday, the US regulator SEC may give the green light to a Bitcoin ETF. FOX TV channel reports this, citing its own sources. It is known that the legal department of the SEC met with representatives of the largest exchanges (NYSE, Nasdaq, CBOE), who have already expressed their readiness to service Bitcoin ETF trading.
At such events, regulators typically review documentation provided by exchanges on behalf of companies awaiting SEC approval. If the bids are approved, trading could begin as early as next week, according to people familiar with the matter. Some analysts and issuers are confident that the SEC will make a decision on the ETF before January 10th.
However, Matrixport analyst Markus Thielen predicts a possible refusal by the SEC to approve applications to launch trading in spot Bitcoin ETFs. In his opinion, the SEC’s decision may be politically motivated and lead to the refusal of all previously announced applications, given the violations of the law by participants in the cryptocurrency market.
However, this forecast came on the day when Matrixport expressed optimism, saying that the emergence of the first ETFs will definitely lead to an increase in the price of Bitcoin.
