Bitcoin ETF Launch On January 11?: Bloomberg Analyst Hints

In the context of the U.S. Securities and Exchange Commission (SEC) reaching the penultimate stage of spot Bitcoin ETF approval, the date of launch for the proposed ETFs remains unanswered. It also remains to be seen if the US SEC officials would notify the ETF approval announcement to all the 11 applicants at once or in batches.

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January 11 Bitcoin ETF Launch?

Earlier, CoinGape reported that the SEC commissioners would hold a vote on the approval of Bitcoin ETFs early in the next week. This comes after 11 spot Bitcoin ETF applicants updated their 19b-4 amendments, while the S-1 filings are expected by Monday, January 8, 2024. Reports said that the US SEC staff had no additional feedback to the 19b-4 amendments for many of the filers. With this, Eric Balchunas, Bloomberg Intelligence analyst, quoted sources saying that the SEC officials are preparing all the applicants for a Bitcoin ETF launch on January 11, 2024.

It was earlier anticipated that there would be a gap of several days between the day of announcement from the SEC and the commencement of trading of ETFs. When it comes to the paperwork related to the SEC’s requirements, the analyst said “it’s basically done.”

“Latest I am hearing (from multiple sources) that final S-1s are due 8am on Monday as SEC is trying to line everyone up for Jan 11th launch.”

Also Read: Bitcoin ETF: How Likely Is US SEC To Give Early Approval?

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