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The Securities and Exchange Commission (SEC) is currently holding meetings with major stock exchanges, including Nasdaq, CBOE, and NYSE, to discuss proposed Bitcoin exchange-traded funds.
This development is noteworthy for the crypto market as it could potentially pave the way for the approval of Bitcoin ETFs, which have been discussed and predicted enough.
SCOOP: The @SECGov is holding meetings today with the exchanges (@Nasdaq, @CBOE, @NYSE) to finalize comments on the 19b-4s submitted by the $BTC Spot ETF issuers.
— Eleanor Terrett (@EleanorTerrett) January 3, 2024
Outcome of the Meeting
The impact and the outcome of these meetings could provide insight into the SEC’s stance on Bitcoin ETF and whether the applications will be approved shortly. If approved, Bitcoin ETFs could significantly boost the credibility and liquidity of the cryptocurrency market.
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