‘Rumor mill’ goes into overdrive for a spot Bitcoin ETF approval tomorrow

Speculation that the SEC is set to approve a spot Bitcoin exchange-traded fund (ETF) on Friday has reached a fever pitch on social media.

A tweet from Grayscale’s legal chief that he was “just filling out some forms,” in addition to a widely shared tweet from a reporter has fueled speculation that approval could come through within the next day.

Several analysts still expect potential approvals to come next week, however.

In a Jan. 4 post to X (formerly Twitter), TechCrunch reporter Jacquelyn Melinek cited sources “extremely close to the matter” to suggest multiple ETFs would be approved and is “expecting something tomorrow.”

#btc #sec #etf

Jan-5-2024 09:50:07 AM