- TechCrunch senior crypto reporter Jacquelyn Melinek claimed regulators will approve multiple spot Bitcoin ETFs at once, which would be a first.
- Melinek expects an announcement this Friday. Other signs point to incoming approvals, like several applicants filing registration statements on Jan 4 and the SEC meeting with exchanges.
- Melinek tweeted she heard from sources “extremely close to the matter” that the SEC will approve multiple firms’ spot Bitcoin ETF applications simultaneously. This has been expected but not definite until now.
TechCrunch senior crypto reporter Jacquelyn Melinek claimed on Jan 4 that regulators will approve more than one spot Bitcoin ETF at once. This would be the first time multiple spot Bitcoin ETFs are approved simultaneously.
ETF Approval on Friday is Possible
Melinek added that she is expecting an announcement this Friday. Other developments point to incoming approvals: several applicants filed registration statements on Jan 4, and the SEC met with exchanges to finalize comments. If no announcement comes Friday, the SEC must decide on Ark Invests application by Jan 10.
TechCrunch Senior Crypto Reporter Claims Simultaneous Approvals
Melinek posted on Twitter that she heard from sources “extremely close to the matter” that the SEC will approve multiple firms’ spot Bitcoin ETF applications. Simultaneous approvals have been expected, but past reports were speculative rather than definite.
Reasons for Simultaneous Approvals
Ark Invest CEO Cathie Wood suggested multiple approvals are likely due to similarities between applications. The SEC has also approved related crypto ETFs like futures ETFs in close succession before.
Other Signs Point to Imminent Approval
Several applicants filed 8-A registration statements on Jan 4, including Grayscale, VanEck and Fidelity. The SEC also met with exchanges to finalize comments on Jan 3. Bloomberg analysts believe there is a 90% chance of approval by Jan 10.
Conclusion
Though the SEC has not officially confirmed anything, mounting evidence suggests the long-awaited spot Bitcoin ETF approvals could come as soon as this Friday. The potential for multiple simultaneous approvals would be a first for the crypto space. Many are eagerly awaiting the SEC’s decision in the coming days.
