Bitcoin ETF Amendment Deadline Reportedly Set, Is US SEC Ready to Grant Approval Now?

The United States Securities and Exchange Commission (SEC) has reportedly set a deadline for spot Bitcoin ETF applicants to submit their final S-1 amendment by January 29. According to Fox Business Journalist Eleanor Terrett, the SEC has confirmed that applications completed by this date will be considered in the first wave of approvals. This news comes as various applicants, such as BlackRock and Fidelity Investments, have been filing amendments to their applications based on discussions with SEC staff. These conversations have sparked optimism that the SEC might be ready to approve the long-awaited Bitcoin ETF. The ongoing lawsuit between the SEC and Grayscale Investments is also seen as a catalyst for potential approval, as the court ordered the SEC to review Grayscale’s application again. Additionally, potential ETF issuers are compromising on the redemption model, with the SEC favoring cash-based options over Bitcoin-focused ones. Overall, these developments suggest that the SEC may finally be ready to grant approval for a Bitcoin ETF.