12 Bitcoin ETF Will Have a Brief Window for SEC Approval

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Last Updated on November 9, 2023 by Bitfinsider

Starting tomorrow, the Securities and Exchange Commission will have a short opportunity to approve 12 outstanding Bitcoin ETF applications.

According to Bloomberg analysts James Seyffart and Eric Balchunas, this clearance might encompass the BlackRock iShares Spot Bitcoin ETF and the conversion of the Grayscale Bitcoin Trust.

Their reasoning: When the SEC extended the time for rebuttal comments on outstanding ETF applications, it picked Wednesday, Nov. 8 as the deadline. It’s also feasible that the SEC will approve multiple funds between now and November 17, but all of them will have to start trading on the same day.

“Delay orders were issued by the SEC for BlackRock, Bitwise, VanEck, WisdomTree, Invesco, Fidelity & Valkyrie at the same time,” Seyffart stated on his Twitter account. “If the agency wants to allow all 12 filers to launch—as we believe—this is the first available window since Grayscale’s court victory was affirmed.”

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