Bloomberg analysts had reported that negotiations between the SEC and BlackRock and other Bitcoin Spot ETF applicants were continuing.
Similarly, Bitwise made a change in its application to the SEC a few hours ago. According to analysts, these updates show that the companies that applied with the SEC before approval are in intense negotiations.
While the SEC requires that the cash method, which is a spot ETF application similar to futures transactions, be preferred in order for applications to be accepted, applicants insist on the in-kind method that will hold Bitcoin directly.
Bloomberg analysts report that there is a 90% chance that Bitcoin Spot ETFs will be approved by January 10. Recent developments and postponements indicate that BTC spot ETF decisions will be made collectively by the SEC, including all applicants.
BTC price has exceeded the $ 42,000 level at the time this article was written, in anticipation of the spot ETF.
*This is not investment advice.
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