According to Fox Business reporter Eleanor Terrett, the US Securities and Exchange Commission (SEC) and exchanges are meeting to finalize comments on Spot Bitcoin ETFs. Specifically, Terret reported the agency is meeting with the New York Stock Exchange (NYSE), Nasdaq, and the Chicago Board Options Exchange (Cboe).
The meeting arrives amid speculation of an impending rejection that began to surface early Wednesday. Indeed, the reports led to an overall market downturn, with more than $540 million being liquidated from the crypto market in just four hours. However, today’s meeting aligns with greater market expectations of an impending approval by early next week.
Also Read: Bloomberg: Nothing To Indicate Spot Bitcoin ETF Rejections
SEC Meeting With NYSE, Nasdaq, and Cboe Over Spot Bitcoin ETFs
Over the last several months, excitement regarding a potential Spot Bitcoin ETF in the United States abounded within the digital asset industry. Subsequently, that excitement led Bitcoin (BTC) to surpass $45,000 for the first time since 2022. Now, despite surging speculation, such an approval appears to be back on track.
Fox Business reported Eleanor Terrett reported that the SEC and various exchanges are meeting today for final comments regarding Spot Bitcoin ETF issuers. Specifically, Terrett noted the agency is meeting with NYSE, Nasdaq, and Cboe in what is an important meeting this week
Also Read: Bitcoin Price Falls Amid Speculation of ETF Rejection
The report notes that the meeting will “finalize comments on the 19b-4s submitted by the [Bitcoin 9BTC)] Spot ETF issuers.” Many expect approval to come to fruition early next week, with January 10th acting as a deadline for the more than a dozen prospective issuers.
Despite the speculation of rejection in the cards, Bloomberg’s Erich Balchunas had recently confirmed that there was “nothing to indicate anything but approval,” for the investment product. Additionally, Balchunas noted Terret’s report as a sign that “approval [is] imminent” for the Spot Bitcoin ETF issuers.