The SEC is holding a meeting today regarding spot Bitcoin ETFs on major exchanges, including the New York Stock Exchange, Nasdaq, and Chicago Board Options Exchange (CBOE).
This information was revealed today by a Fox Business journalist and comes as a relief to the broader cryptocurrency community after cryptocurrency services firm Matrixport reported that the SEC would likely reject all ETF applications in January. This report triggered a massive liquidation in the market today, with the cryptocurrency market losing over $540 million in just 4 hours.
Despite the news that Matrixport may be rejected, Bloomberg analysts argued that there was no significant evidence that the ETF would be rejected.
There was a brief discussion about X between Bloomberg analyst Eric Balciunas and Markus Thielen of Matrixport, who published a report on the possibility of a “veto.” Thielen clarified that the report was not based on insider comments from the SEC or ETF filings. However, he announced that there was a consensus among researchers that this prediction would come true and Bitcoin started to fall.
But today’s session showed a more optimistic outlook, consistent with broader market expectations that the SEC will likely be approved as soon as next week. January 10th has been set as an important deadline for numerous spot Bitcoin ETF applications.
