- Grayscale has held another meeting with the SEC to discuss their spot Bitcoin ETF application as the January 10th deadline for a decision approaches.
- Grayscale is one of many firms seeking approval to launch the first spot Bitcoin ETF in the US, with the SEC meeting with several potential issuers in recent weeks.
- The crypto market has anxiously awaited potential spot Bitcoin ETF approval, with many expecting it in early January, though SEC concerns over money laundering may be causing delays.
The SEC and Grayscale have held another meeting this week to discuss the asset manager’s spot Bitcoin ETF application. This comes as the January 10th deadline for a decision approaches.
Grayscale Seeks to Lead First Spot Bitcoin ETF in the US
Grayscale is one of over a dozen firms seeking approval to launch the first spot Bitcoin ETF in the US. The SEC has been meeting with several potential issuers in recent weeks to discuss amendments to their applications.
Markets Anxiously Await Potential Spot Bitcoin ETF Approval
For months, the crypto market has anxiously awaited the potential approval of a spot Bitcoin ETF. Over a dozen applications are nearing the January deadline. Grayscale and BlackRock have been in ongoing discussions with the SEC, meeting 4 and 5 times respectively.
Many Expect Approval in Early January
Many industry experts expect approval to come in early January. Galaxy Digital’s Mike Novogratz predicts approval before January 10th. Others say January 5-10 is the likely window. Charles Gasparino of Fox Business reported the decision will likely come after January 8th.
Concerns Over Money Laundering Causing Delay
The SEC has expressed concerns over money laundering, which could be delaying approval. Discussions around cash-only purchases of ETF shares have occurred between issuers and the agency.
