The market is ready to start trading Bitcoin ETFs immediately after SEC approval

Bloomberg analysts reported that the US Securities and Exchange Commission (SEC) still needs two technical events to launch trading in a spot Bitcoin ETF. First, the SEC must approve applications from exchanges that will list the ETF. Secondly, the regulator must approve applications to register an investment asset from potential issuers, a list that includes BlackRock and Fidelity. The SEC plans to complete the approval procedures in the coming days, Bloomberg reports, citing sources familiar with the situation.

“In the context of recent meetings between the SEC administration and representatives of firms seeking regulatory approval, the likelihood of applications for Bitcoin ETFs being rejected is reduced to 5%. If the SEC provides the full set of necessary permissions, then interested companies will be able to begin trading Bitcoin ETFs the very next business day,” Bloomberg commented.

According to numerous forecasts, the SEC should 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 suggest that the regulator may approve all received applications at the same time.