Altcoins Talks - Cryptocurrency Forum

Further Discussions => Legality & Taxation of Cryptos => Topic started by: sirty143 on December 31, 2023, 05:52:58 AM

Title: Spot Bitcoin ETF Applicants Flood SEC With Filing Updates Before Deadline
Post by: sirty143 on December 31, 2023, 05:52:58 AM
Spot Bitcoin ETF Applicants Flood SEC With Filing Updates Before Deadline

(https://i.imgur.com/iXIsDWDm.jpg)

Major asset managers, including Blackrock, Fidelity, Bitwise, and Wisdomtree, submitted their revised spot bitcoin exchange-traded fund (ETF) filings shortly before the deadline set by the U.S. Securities and Exchange Commission (SEC) on Friday afternoon... See more for yourself here (https://news.bitcoin.com/spot-bitcoin-etf-applicants-flood-sec-with-filing-updates-before-deadline/).

Your opinion is greatly appreciated.
Title: Re: Spot Bitcoin ETF Applicants Flood SEC With Filing Updates Before Deadline
Post by: defy on December 31, 2023, 11:33:57 PM
Quote
The securities regulator reportedly told them to update their filings by Friday to be included in the first wave of spot bitcoin ETF decisions in early January.

so in a week or two we will finally know the outcome on the SEC's decision.

i'm trying not to read too much into the fact that the SEC are actually discussing the various applications with the respective asset managers and allowing them to make amendments to them and resubmit but this can only be a positive thing ?

and that multiple spot ETF's will be approved?

but yea I dont want to think too much about it
Title: Re: Spot Bitcoin ETF Applicants Flood SEC With Filing Updates Before Deadline
Post by: joniboini on January 03, 2024, 06:26:51 AM
Quote from: defy on December 31, 2023, 11:33:57 PM
i'm trying not to read too much into the fact that the SEC are actually discussing the various applications with the respective asset managers and allowing them to make amendments to them and resubmit but this can only be a positive thing ?
Some analysts suggest that it is possible SEC will postpone them again. The latest public comments also seem to suggest that ETF approval is bad for their economic system, albeit only one of the many comments is saying that. I'm not surprised if they don't approve it again, but the chance for it to get approved is definitely higher compared to previous submissions. I don't think betting odds are leaning toward ETF approval without reason unless I'm being lied to by those analysts (which is not impossible coming from them).