November 7, 2024

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SEC’s first deadlines to approve 7 Bitcoin ETFs coming over the next week

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SEC's first deadlines to approve 7 Bitcoin ETFs coming over the next week

The United States Securities and Exchange Commission is facing its first deadlines to decide on seven new Bitcoin (

Either way, Seyffart only saw two viable options for the regulator.

The first is for it to concede defeat and approve Grayscale’s conversion of its GBTC to a Bitcoin spot ETF.

Alternatively, the SEC would need to revoke the listing of Bitcoin futures ETFs entirely or deny Grayscale’s application based on a new argument, said Seyffart.

However, fellow Bloomberg ETF analyst Eric Balchunas considered the odds of the SEC revoking the Bitcoin futures ETFs as “highly unlikely” because of the SEC’s reported openness to Ethereum futures ETFs.

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