Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Peter90 on January 09, 2024, 07:30:35 AM
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"Exceptionally Risky, Scams" - Gensler Drops CYA** Post On X Ahead Of Imminent Bitcoin Spot ETF Approval
** = cover your ass :D
It looks like SEC is - unwillingly - going to approve the ETF
"SEC Chair Gary Gensler just dropped the biggest hint yet that the Spot ETF approval is imminent.
This follows eleven of the asset managers that have applied for permission to launch a spot Bitcoin ETF filed 19b-4 amendments on Jan. 5.
The filers included BlackRock, Valkyrie, Grayscale, Bitwise, Hashdex, ARK Invest and 21Shares, Invesco and Galaxy, Fidelity, Franklin Templeton, VanEck and WisdomTree.
The first stage in approval of a spot Bitcoin ETF would be the SEC signing off on 19b-4 filings by the exchanges planning to list the ETFs, all of which were submitted by 6 p.m. ET on Friday.
The SEC would then need to approve the issuers' S-1 applications; with both approved, the ETFs could technically begin trading the next business day."
www.zerohedge.com (https://www.zerohedge.com/crypto/exceptionally-risky-scams-gensler-drops-cya-post-x-ahead-imminent-bitcoin-spot-etf-approval)
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Now the attention of cryptocurrency market participants is focused on an event that may occur tomorrow, January 10. Everyone is waiting for the approval of spot Bitcoin ETFs, which should change the price of Bitcoin upward in the near future. True, not everything is so simple. There are forecasts that this approval will not come, at least not in the first half of this year. Well, there's not long to wait...