🔥 US SEC APPROVAL timing for all 12 Bitcoin ETF Spot funds
SEC May Greenlight All Pending Bitcoin Spot ETFs Between November 9th and 17th 😳
1️⃣ Opportunity:
👉 The SEC has an eight-day window, from November 9 to November 17, to potentially approve all 12 pending Bitcoin spot ETF applications.
2️⃣ List of candidates:
👉 The 12 candidates include big names like #BlackRock, Bitwise, VanEck, WisdomTree, Invesco, Fidelity and Valkyrie.
👉 Grayscale's conversion of its GBTC trust product into Bitcoin ETF Spot is also part of this plan.
3️⃣ Background:
👉 The SEC issued a concurrent stay on these applications.
👉 The reason for this limited approval period is tied to the comment period, which ends on November 17.
👉 Some applications, including Global X Bitcoin Trust, Hashde#BitcoinETFand Franklin Bitcoin ETF, will continue their comment period, delaying decisions until after November 23 at the earliest.
4️⃣ Extension period:
👉 Although the deadline closes on November 17, the SEC technically has until January 10, 2024 to make a decision on nine of the twelve applications.
5️⃣ Chance of approval:
👉 While not guaranteed, analysts predict a 90% chance of approval by January 10, 2024.
👉 Expectations of a#BitcoinETFSpot have created optimism in the market
