SEC holds emergency meeting with Nasdaq and NYSE to discuss Bitcoin ETF
[ad_1]
The U.S. Securities and Exchange Commission (SEC) is meeting today with major exchanges including the New York Stock Exchange, Nasdaq, and Chicago Board Options Exchange (CBOE) regarding spot Bitcoin ETFs.
The information was revealed by Fox Business reporter Earlier today, crypto services firm Matrixport reported that the SEC may reject all ETF applications in January, bringing some relief to the broader crypto community. The report triggered a massive liquidation in today’s market, with the cryptocurrency market losing more than $540 million in just four hours.
While Matrixport reports that there may be denials, analysts at Bloomberg believe claim There was no substantial evidence that the ETF was rejected.
have a brief debate Bloomberg analyst Eric Balchunas spoke on X with Matrixport’s Markus Thielen, who issued a possible “denial” report. Thielen clarified that the report was not based on any comments from SEC insiders or ETF filings. However, he cited the consensus among researchers reaching this prediction and turned bearish on Bitcoin.
However, today’s meeting showed a more optimistic outlook, in line with broader market expectations that the SEC could give approval as early as next week. January 10th is considered a key date and the deadline for many spot Bitcoin ETF applicants.
