Bloomberg: The Market Is Ready For Bitcoin ETF Trading to Begin

The U.S. Securities and Exchange Commission (SEC) has just two technical steps left to launch trading in a spot bitcoin ETF. First, the regulator must approve applications from exchanges that will list the ETF. Second, the SEC must approve applications to register the investment asset from potential issuers, a list that includes BlackRock and Fidelity.

According to Bloomberg, the SEC plans to finalize the approval procedures in the coming days. In the context of recent meetings between the SEC administration and representatives of firms seeking regulatory approval, the probability of rejection of bitcoin-ETF applications drops to 5%.

If the SEC grants the full set of necessary approvals, interested firms could begin trading bitcoin ETFs as early as the next business day.

According to multiple predictions, the SEC is expected to make a final decision on at least one of the applications received to launch spot bitcoin ETFs between January 8 and January 10. Crypto-industry insiders speculate that the regulator could approve all incoming applications at the same time.

Key takeaways:

• The SEC has only two technical events left to launch bitcoin spot ETF trading.
• The probability of bitcoin-ETF applications being rejected drops to 5%.
• If the SEC grants the full set of necessary approvals, bitcoin ETF trading could begin as early as January 11.

The SEC's approval of spot bitcoin ETFs will be important for the development of the cryptocurrency industry in the United States. It will make bitcoin more accessible to investors and could lead to an increase in its price.