The crypto community has been stirred with confusion and speculation over the recent Bitcoin exchange-traded fund (ETF) filings with the United States Securities and Exchange Commission.

“My understanding here is that this is just a securities registration. In order to list the ETF still needs a 19b-4 approval and they need an effective/approved/completed S-1 document,” James Seyffart stated.

Bitcoin ETF Filings Cause Confusion in Crypto Community

Fidelity Investments’ filing with the US SEC sparked confusion among online speculators. Although some construed it as an indication of approval for its spot Bitcoin ETF, analysts swiftly refuted such claims.

The filing states “an application for listing of the Shares of the Trust has been filed with and approved by Cboe BZX Exchange.”

Bloomberg ETF analyst James Seyffart addressed the news on X (formerly Twitter). Initially hesitant, he aimed to clarify the situation and prevent the spread of false speculations:

“Wasn’t gonna say anything but saw some takes about this meaning its already approved and about 5,000 questions.”

Read more: How To Prepare for a Bitcoin ETF: A Step-by-Step Approach

Crypto Enthusiasts Optimistic About Prospective US SEC Approval

The deadline for the US SEC to approve the spot Bitcoin ETF is only days away on January 10.

Furthermore, the excitement is evident, with investors on the decentralized prediction platform Polymarket betting on this outcome. 

Meanwhile, the odds stand at an  Go to Source to See Full Article
Author: Ciaran Lyons

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