Spot Bitcoin ETF May Be Approved On These Dates: Anthony Scaramucci
A spot Bitcoin ETF is on its way and we may see approvals as early as January 2024. Anthony Scaramucci, the founder of SkyBridge Capital, is quite optimistic about the U.S. Securities and Exchange Commission (SEC) approving the spot Bitcoin ETF filings. This comes after the SEC officials’ meeting with representatives from Blackrock over the potential ETF approval.
Meanwhile, the Bitcoin Price (BTC) is maintaining the $37,000 level ahead of the Christmas holiday season.
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Anthony Scaramucci’s Bitcoin ETF Approval Prediction
Scaramucci said during a podcast that if asked point blank whether the spot Bitcoin ETF will be approved by January 10, 2023, he would react with a ‘yes’.
He added that an approval by January 10 makes the most sense and the most obvious outcome to likely happen. Several ETF filings have the deadline lined up before January 10, which could possibly set the stage for the approval. However, the Commission could also choose to extend the wait owing to technical reasons.
As per Bloomberg intelligence ETF analysts, if there is any official spot Bitcoin ETF approval it will be between January 5th to January 10th.
Financial giants of the likes of Blackrock, Fidelity, Valkyrie and ARK Invest are vying for approval of the first ever spot Bitcoin ETF filing from the Securities and Exchange Commission. Analysts have been predicting that the SEC would opt for a mass approval of filings to avoid the first mover advantage to a single company.
Blackrock – SEC Discussions Intensify
Earlier, CoinGape reported that yet another meeting was convened between BlackRock representatives and officials from the SEC’s Trading and Markets division to negotiate on the spot Bitcoin ETF application. This meeting came just around a week after the two parties’ first meeting over the choice of cash model summary to be potentially used for the ETF.
Also, the US SEC has reportedly been in deliberation with crypto exchanges over the amendments required for ETF operations. Top US based exchange Coinbase is dominating the custodial space among a majority of spot Bitcoin ETF aspirants. Analysts believe that during a narrow window between January 8 and 10, 2023, the U.S. SEC may potentially announce the ETF approvals.
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