SEC Meets with Nasdaq, CBOE, and NYSE to Discuss Bitcoin ETF

The Securities and Exchange Commission (SEC) is currently engaging in discussions with major stock exchanges, such as Nasdaq, CBOE, and NYSE, to address the proposed Bitcoin exchange-traded funds (ETFs).

This development is significant for the crypto market, as it has the potential to pave the way for the approval of Bitcoin ETFs, a topic that has been extensively discussed and predicted.

In a recent tweet, Eleanor Terrett stated that the SEC is holding meetings with the exchanges to finalize comments on the 19b-4s submitted by the Bitcoin Spot ETF issuers.

The outcome of these meetings could provide valuable insight into the SEC’s stance on Bitcoin ETFs and whether the applications will be approved in the near future. If approved, Bitcoin ETFs could greatly enhance the credibility and liquidity of the cryptocurrency market.

According to a FOX reporter, the SEC is currently reviewing final applications, and despite the numerous discussions and revisions, approvals for Bitcoin ETFs may be imminent.

Eleanor Terrett also mentioned on Twitter that the SEC is currently reviewing changes to the S-1 filings for spot Bitcoin ETFs. While the SEC’s decisions can be unpredictable, it would be surprising if approvals were to occur immediately.

Based on conversations with issuers, it appears that the SEC still needs to review all the changes made to the S-1s filed on Thursday/Friday and provide comments.

Tags: Bitcoin ETF