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The SEC is holding meetings today with major exchanges, including the New York Stock Exchange, Nasdaq, and the Chicago Board Options Exchange (CBOE), regarding spot bitcoin ETFs.
The information was revealed by Fox Business. journalist today, bringing some sense of relief to the broader crypto community after crypto services firm Matrixport reported that the SEC would likely reject all ETF applications in January. This report triggered a major sell-off in the current market as the crypto market lost over $540 million in just four hours.
Despite Matrixport's report of a possible denial, Bloomberg analysts have reclaimed that no substantial evidence has been presented pointing to a rejection of the ETFs.
There was a brief debate in X between Bloomberg analyst Eric Balchunas and Markus Thielen of Matrixport, who published the possible “rejection” report. Thielen clarified that the report was not based on any comments from SEC experts or ETF filings. However, he cited consensus among researchers to come to this prediction and has turned bearish on bitcoin.
However, today's meeting suggests a more optimistic outlook, aligned with broader market expectations of possible approval by the SEC, potentially as early as next week. January 10 has been identified as a critical date, marking a deadline for numerous bitcoin ETF spot applicants.
