In a significant development leading up to the impending decision on the approval or rejection of the first spot Bitcoin ETF in the United States, FOX reporter Eleanor Terret has shed light on a key development. 

According to Terret’s report on X (formerly Twitter), the US Securities and Exchange Commission (SEC) will hold talks today to discuss the final comments on the 19b-4s applications submitted by Bitcoin ETF issuers.

SEC Consults Exchanges On Bitcoin ETF Applications

Terret stated that the SEC is currently holding meetings with Nasdaq, CBOE, and NYSE exchanges to address the submitted 19b-4s applications by BTC Spot ETF issuers. 

The SEC has previously engaged in discussions with issuers and exchanges, including BlackRock and Nasdaq Stock Market, regarding the proposed rule change to list and trade shares of the iShares Bitcoin Trust.

While these discussions occur amidst Matrixport’s prediction of the potential rejection of the index funds by the SEC, the exact deadline and confirmation of this prediction remain unknown. 

However, this meeting holds great significance as it allows issuers to address application shortcomings and potentially gain approval for Bitcoin ETFs.

Matrixport’s belief is rooted in SEC Chair Gary Gensler’s well-known
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Author: Ronaldo Marquez

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