As the January 10 deadline for the approval of the much-anticipated spot Bitcoin exchange-traded fund (ETF) draws near, the United States Securities and Exchange Commission (SEC) is reportedly grappling with an overwhelming amount of paperwork. An approval by the end of today seems rather unlikely, although the latest surge in the Bitcoin price shows that market participants are of a different opinion.
Eleanor Terrett, a journalist for FOX Business, shared insights on the situation via X (formerly known as Twitter), noting the unpredictable nature of the SEC’s decision-making process. She remarked, “While the SEC is surely unpredictable, it would surprise me if approvals were to happen tomorrow.”
Bitcoin ETF Approval By The End Of The Week?
Terrett added, “From what I understand through conversations I’ve had with issuers, the SEC still has to review all the changes made to the S-1s filed on Thursday/Friday AND make comments on them.” Terrett’s tweet came in response to r
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