JUST IN: Bloomberg Analyst Eric Balchunas Speaks About Bitcoin Spot ETFs – “According to My Sources, It’s Basically Done”

According to the hot development, Nasdaq made a change for the Valkyrie Bitcoin ETF 19b-4 application. Nasdaq also filed an amendment to Blackrock’s iShares Bitcoin ETF 19b-4 application.

This move indicates that the U.S. Securities and Exchange Commission (SEC) has been in private discussions with exchanges regarding 19b-4 filings and is now satisfied with this latest filing.

The meetings were reported by Eric Balchunas, James Seyffart and Eleanor Terrett, who followed the developments closely. According to those experts, this filing shows that the SEC is actively engaged in discussions with the exchanges and is now satisfied with the final filing.

Eric Balchunas: “Bitcoin Spot ETF Approval is OK”

Eric Balchunas also just said in his statement about Bitcoin (BTC) Spot ETFs that approval is now a done deal and added:

“Yes, actually it’s okay. Last I heard (from multiple sources) the final S-1 amendments are due at 8 a.m. on Monday as the SEC tries to get everyone lined up for the January 11 launch. However, I still want to hear from the SEC to officially announce it.”

*This is not investment advice.

Source