The SEC is holding a meeting today on spot Bitcoin ETFs with major exchanges including the New York Stock Exchange, Nasdaq, and the Chicago Board Options Exchange (CBOE).
The information was revealed by Fox Business. reporter This morning, it brought relief to the wider cryptocurrency community after cryptocurrency services company Matrixport reported that the SEC is likely to reject all ETF applications in January. This report triggered massive liquidations in the market today. The cryptocurrency market lost more than $540 million in just four hours.
Despite Matrixport’s reports of possible fraud, Bloomberg analysts assert No substantive evidence pointing to ETF rejection was reported.
There was brief content debate It’s about the X between Bloomberg analyst Eric Balchunas and Matrixport’s Markus Thielen, who issued a potential ‘denial’ report. Thielen said the report was not based on the opinions of SEC insiders or ETF applicants. However, he cited consensus among researchers to arrive at this prediction and was bearish on Bitcoin.
But today’s meeting offered a more optimistic outlook, responding to widespread market expectations that SEC approval could come as early as next week. January 10th has been identified as an important date, marking the deadline for numerous spot Bitcoin ETF applicants.