Bitcoin ETF launches on January 11: Final S-1 expected on Monday, multiple sources confirm

Eric Balchunas, senior ETF analyst at Bloomberg, recently shared an important update on the pending approval of a spot Bitcoin ETF. The final S-1 amendment form will likely be filed by 8 a.m. Monday, according to three sources familiar with Balchunas. This is a significant development given that the SEC is aiming for a simultaneous launch on January 11th. Balchunas’ post is in response to Nate Geraci’s suggestion that ’19b-4s’ can now be submitted, signaling a launch is imminent.

Balchunas reposted a statement from ETFPrime host Nate Geraci supporting similar information. Geraci noted that Reuters echoes the same sentiment, anticipating revisions to the S-1 Amendment Form at 8 a.m. ET on Monday.

There is speculation that approval in principle could come on a Tuesday or Wednesday, potentially leading to a launch on Thursday or Friday. Notably, the SEC is reportedly seeking only ‘minor’ modifications, which should mean a smoother approval process.

According to Nate Geraci, anonymous sources have indicated that the SEC Chairman vote will likely be held on Wednesday, providing further clarity on the expected timeline.

Maintaining Attention: Balchunas’ Perspective

Cautious optimism surrounds these recent developments in the broader context of a Bitcoin spot ETF potentially gaining approval and sparking speculation within the cryptocurrency community. Despite these expectations, Balchunas remains cautious, emphasizing that formal confirmation from the SEC is essential to solidify these assumptions.

While we await further updates, it is important to remember that while the information comes from reliable figures in the ETF space, final confirmation from the SEC is still pending. The cryptocurrency world anticipates important regulatory milestones, so investors and enthusiasts are advised to stay tuned for official statements.