Eric Balchunas, a Bloomberg ETF analyst, expressed on social media that the U.S. Securities and Exchange Commission (SEC) would likely not hold discussions with key exchanges if they planned to continue deferring the resolution for the Bitcoin spot ETF applications. This comment comes in response to a previous social media post by Forbes reporter Eleanor Terrett, stating that the SEC was meeting with major exchanges including NASDAQ, the Chicago Board Options Trading Platform, and the New York Stock Exchange to finalize comments on 19b-4s filed by Bitcoin spot ETF issuers.
Balchunas highlights that the SEC has been actively working offline with issuers refining their 19b-4s, a less involved re-filing process compared to S-1 applications. These interactions suggest that the SEC is moving forward with the evaluation process, implying a lower likelihood of further delays on the Bitcoin spot ETF verdict.
