With the asset seeing massive gains throughout the last several months, US regulators are reportedly warming to the idea of approving a Spot Bitcoin ETF. Indeed, Forbes reports that the agencies are engaging in what could be conclusory discussions with various issuers who have submitted applications.
These reports follow similar ones released earlier today regarding those ongoing talks. Specifically, they stated that the US Securities and Exchange Commission (SEC) is currently in advanced talks regarding “key technical details.” Subsequently, the anticipation of an eventual approval of the Bitcoin investment offering is at an all-time high.
Also Read: BlackRock, Bitwise Update Spot Bitcoin ETF Applications With SEC
Spot Bitcoin ETF Could be On its Way Amid Regulator Dialogue
With more than a dozen investment firms submitting applications, excitement is brewing regarding a Spot Bitcoin ETF approval. Although the SEc has yet to approve the creation of such an offering in the United States, things may be changing. Indeed, recent reports indicate a shifting tone in those discussions.
Now, Forbes has stated that US Regulators are warming up to the idea of approving a Spot Bitcoin ETF. Subsequently, this news arrives as previous reports indicate key technical details being discussed by both regulators and the various issuers. These talks have been noted by industry executives for their accelerated occurrences. Moreover, they could have implications on when an approval could come to fruition.
Also Read: Bitcoin: BlackRock Received $100K As Spot BTC ETF Seed Fund
Both BlackRock and Bitwise recently amended their filings based on instructions given to them by the SEC. Additionally, this points to constructive discussions taking place between both issuers and the agencies. Ultimately, this process could lead to approval within a matter of months.
A few weeks ago, Bloomberg’s James Seyyfart noted that a decision window will take place between January 5th and 10th. However, he noted that any approvals will likely take place around the 8th. Currently, massive asset management firms like the aforementioned BlackRock, Fidelity, and Grayscale have pending applications.