Claim BonusWhat Are Chances Of Bitcoin ETF Approval Before January 6, 2024?
Considering the time frame followed by the U.S. Securities and Exchange Commission (SEC) officials around previous exchange traded funds (ETF) approvals, it is expected that the first ever spot Bitcoin ETF in the United States could be approved by the January 10, 2024 deadline. Will the Bitcoin (BTC) price soar further in the lead up to the deadline?
Also Read: BTC Price On Verge Of Touching $50K Ahead Of Bitcoin ETF Approval?
US SEC’s Form S-1 Review
According to Fox Business journalist Eleanor Terrett, the US SEC is yet to review the changes made to the form S-1s filed before December 29, 2023 deadline. Earlier, CoinGape reported that the agency marked the deadline before which the filers could make final changes to their applications. Following the review, the SEC officials should make comments on the form S-1s. BlackRock, Invesco, Valkyrie, VanEck, Wisdomtree, Fidelity, and ARK 21Shares are among the companies in fray for the spot Bitcoin ETF approval.
Hence, the review of form S-1s could likely take until early next week, which is from January 8, 2024, considering the SEC’s approval timeline followed when it approved the ETH futures in October 2023. Adding to this, Terrett said that the SEC staff had been off from December 29, 2023. Overall, the ETF approval is likely to happen on Tuesday or Wednesday, which is January 9 or 10, 2024.
Early Approval Ruled Out?
Therefore, the possibility of a Bitcoin ETF approval could be unlikely before January 6, 2024. Meanwhile, the Bitcoin BTC Price took a refreshing jump entering the new year, with a nearly 5% jump compared to 24 hours ago.
On the other side, crypto stocks MicroStrategy Stock Price (MSTR) and Coinbase Stock Price (COIN) gained significant value in the last few months, amid much hype around the spot Bitcoin ETF approval by the US SEC.
Also Read: Bitcoin (BTC) Halving: Here are 5 Potential Cycles to Watch
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- XRP Gains Regulatory Foothold as Ripple Secures UK FCA Approval
- Breaking: U.S. Jobs Report Comes In Below Expectations, Bitcoin Climbs
- BlackRock Moves $294M in BTC, ETH to Coinbase as $2.2B in Crypto Options Expire Today
- UK Crypto Firms Face New Licensing Rules as FCA Sets 2026 Application Window
- Changelly Review 2026: Scam or Legit Crypto Exchange?
- Ethereum Price Prediction Ahead of U.S Unemployment Data Drops Today
- Solana Price Prediction if Bitcoin Holds Above $95,000
- Dogecoin Price Eyes $0.20+ Following Massive 218M DOGE Whale Buying Spree
- How CLARITY Act Could Impact Bitcoin, Ethereum, and Dogecoin Prices?
- Tesla Stock Price Prediction for Jan 2026 Ahead of Q4 Earnings Report
- Ethereum Price Eyes a 30% Surge as Vitalik Buterin Names it the ‘World’s Heartbeat’
