News View Non-AMP

Green Light or Red Tape? SEC Hints at Further Delays for Spot Bitcoin ETF Approvals

Published by
Qadir AK

The financial world has been buzzing with anticipation as the SEC teetered on the edge of approving the first-ever line of Bitcoin ETFs. However, just as hopes began to soar, the regulatory horizon has once again clouded over, casting doubts over the outcome.

The SEC’s recent additional comments on spot Bitcoin ETF applications have stirred the market. This unexpected move comes at a crucial juncture, with the January 10, 2024, deadline fast approaching—a date that many had circled on their calendars in anticipation of an approval announcement.

Here’s what you must know.

Differing Views on the SEC’s Actions

Perianne Boring, President and founder of the Chamber of Digital Commerce, sees the SEC’s recent actions as a possible signal of a delay.

On the other hand, Bloomberg analyst James Seyffart believes the SEC’s quick review of form S-1s shows a proactive approach rather than an intentional delay.

Also Read: BTC Price Analysis : Exploring Bullish and Bearish Outcomes for Bitcoin Price Post-ETF Verdict

Critical Deadlines and Key Players

With January 10, 2024, as a key deadline, the SEC is under pressure to make a decision on the Ark 21Shares spot Bitcoin ETF. Major financial players such as Blackrock, Fidelity, Bitwise, Van Eck, and Valkyrie have all submitted their applications, adding to the stakes.

Recent 19b-4s filings from nine issuers indicate active efforts to meet the regulatory criteria for ETF approval. Notably, as of January 8, 2024, Blackrock’s iShares Bitcoin ETF refiling was missing, sparking industry speculation.

But Optimism Remains High!

Despite the uncertainties, analysts continue to express optimism about the potential for approval. Even if immediate approval is not granted, there remains the possibility of making amendments post-approval.

The big question remains: Will the SEC meet the January 10 deadline for the first-ever spot Bitcoin ETF in the United States?

The SEC’s communication methods have piqued interest, leading to increased scrutiny of the EDGAR database for any clues. Speculation suggests that confirmations may appear on EDGAR, while additional information could surface through the SEC’s website and the Federal Register.

Market Reaction

Reflecting the market’s hopeful sentiment, Bitcoin’s price surpassed $47,000 on January 8, 2024. This upward trend suggests that traders and investors are optimistic about the potential approval of Bitcoin ETFs, which could open new opportunities for institutional investment in the cryptocurrency market.

Read More: Google Bard Bitcoin Price Prediction 2024 For After ETF Approval

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Recent Posts

BBB Warns of AI Voice Scams Just as Graphite Network Launches Phonebook MVP That Offers a Web3 Fix

On June 25th, 2025, the Better Business Bureau (BBB) issued an urgent alert about a…

July 1, 2025

Elon Musk’s xAI Bags $10 Billion While Trump Fires Shots on Social Media

Elon Musk’s AI startup xAI has raised a massive $10 billion in new funding, giving…

July 1, 2025

Best Crypto to Buy This Summer, Ethereum (ETH) Runs Hot, But This $0.03 Token Looks Sharper With 2x Upside

With Ethereum (ETH) heating up again in early summer activity, large-cap investors are doubling down…

July 1, 2025

Top New Meme Coin of 2025? Pepe Coin (PEPE) Competitor Picked for a Top 10 Status on CoinMarketCap

Meme coins have always been a wild ride. From Dogecoin turning jokes into market caps…

July 1, 2025

Did the Senate Pass the Trump’s Big Beautiful Bill

As of this afternoon, the United States Senate remains locked in a marathon voting session…

July 1, 2025

Cats Fishing: Status Network’s First Mobile Fishing Game Turns Lore and Occult Mysteries Into Playable Myth

Whisker Woods invites players to cast, catch, and ascend in a mobile-first adventure launching this…

July 1, 2025