Bitcoin spot ETFs are slowly making their way to the US market. The SEC has until January 10 to make a decision on the matter, at least at the request of ARK Invest, but experts say there will be a collective decision, positive or negative.
Document indicating approval…
It seems that a new threshold has been crossed in the Bitcoin Spot ETF application. According to reports in the US media, The Block, Fidelity and Grayscale officially submitted a document called Form 8-A to the SEC. Experts say such documents indicate that spot Bitcoin ETFs are in their final stages.
It is well known that such documents are extremely important for disclosing information about an ETF’s operations to the public and the SEC.
Manager Tweeted: We Are Filling Out the Forms
Meanwhile, minutes before this news, a tweet by Grayscale legal director Craig Sahm was published on the crypto Twitter agenda. Salm posted a short tweet saying, “I’m just filling out some forms…” but it meant a lot.
Matrixport Report and Balchunas’ Words are on Mind…
As we all know, crypto investment company Matrixport published a report yesterday that confused the crypto world. The company claimed in January that all applications for the ETF were rejected.
Bloomberg ETF analyst Eric Balciunas stated that he believes the ETF will be approved and said, “I want to know where the person who wrote this report got this information.” “This is not just a question…” he said.
