Bitcoin’s Big Bang
ETF Approval and Binance’s Dance with the Regulators
Bitcoin’s on the rise, the SEC’s playing matchmaker with ETFs, and Binance is doing the tango with regulators. It’s a financial fiesta, and we’ve got the backstage pass.
As your go-to finance guru, let me break down the drama and the potential windfalls headed our way.
1# Bitcoin ETF:
The Countdown Begins The buzz is real, folks!
We’re not questioning if the U.S. will greenlight a Bitcoin Spot ETF;
it’s more a matter of when.
Experts are anticipating the approval of the first US Bitcoin Spot ETF by no later than January 10, 2024. This expectation stems from the SEC’s recent decision to advance the review dates for the Bitcoin ETF applications from Hashdex and Franklin Templeton to early January. These two applications were the last ones pending the second deadline set for January 1, 2024.
With the exception of the ARK 21Shares Bitcoin ETF, whose final deadline is January 10, 2024, all other applicants are now awaiting their third deadline.
The SEC’s move to reschedule these two applications more than a month ahead of the deadline is seen by many ETF experts as an indication that the SEC aims to greenlight all…
