Bitcoin ETF hopeful Hashdex has released an advert proclaiming that “Bitcoin’s Time Has Arrived,” as speculation mounted that a decision from the U.S. Securities and Exchange Commission (SEC) on approval of a spot Bitcoin ETF could be imminent.

Citing “sources extremely close to the matter,” TechCrunch’s Jacquelyn Melinek wrote Thursday that “the bitcoin spot ETF is going to be approved by the SEC for multiple firms’ applications.” She added, “expecting something tomorrow,” pointing to potential news on Friday.

Others took a more cautious stance. “SEC is giving final comments as we speak, then issuers will submit final 19b-4s and S-1s soon after,” Bloomberg senior ETF analyst Eric Balchunas said on Thursday. “So I mean this is def as close to “done” as we’ve been, but no official approval as far as I know.”

Washington moves slowly, and later reports suggested the approval process could stretch into next week, giving the SEC time to review comments and amendments.

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Author: Jason Nelson

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