US SEC Met Spot Bitcoin ETF Seekers 24 Times So Far

Representatives from funding supervisor Blackrock have held a gathering with the U.S. Securities and Trade Fee (SEC) but once more on Tuesday, December 20, 2023, in what may very well be one of many final steps the Fee would take earlier than the potential approval of the spot Bitcoin ETF filings earlier than the January 10, 2024 deadline.

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Blackrock Meets US SEC But Once more

In response to studies, the Blackrock representatives met with the company officers concerning its iShares Bitcoin Belief approval. This assembly makes it the agency’s third such assembly in a span of only a week, forward of the a lot anticipated deadline window of January 8-10, 2024, when the US SEC is predicted to offer its nod for the primary ever spot Bitcoin ETF in america.

Contemplating the stature and monetary prowess Blackrock enjoys within the mainstream monetary world, it seems that the US SEC is extra more likely to be within the route of approval. Nevertheless, analysts are warning concerning the chance of yet one more delay in determination making earlier than January 10.

Approval Unlikely Earlier than January 10?

James Seyffart, a Bloomberg Intelligence analyst, stated the frequent conferences between US SEC and Blackrock doesn’t affect the timeline for potential determination making earlier than the deadline. He stated,

“Doesn’t change dates in my/our view. Nonetheless watching that January 8-10 window. (Sure technically some filers may very well be accepted earlier than that — simply don’t suppose its doubtless)”

In the meantime, Mike Alfred, an entrepreneur, predicted a 98.7% probability of Bitcoin ETF approval earlier than January 10. It stays to be seen if the Bitcoin (BTC) price reveals elevated volatility within the lead as much as the deadline.

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