Since Grayscale’s recent victory against the SEC, the possible approval of a Bitcoin ETF tickles the hopes of the crypto community. A recent rumor on the issue seems to fuel them further. It still needs to be confirmed.
SEC Reaction to Bitcoin ETF Applications It Received
There is news regarding the Bitcoin ETF applications filed in waves in recent weeks with the SEC. According to information not yet confirmed by official sources, the regulator reacted to these various requests.
More concretely, the policeman of the American stock market would have responded to each of the depositors of Bitcoin ETF requests. A response that the SEC would have sent to the latter, in the form of comments to their request.
Better, the American financial regulator even organized private meetings for depositors. We do not yet know what the agenda is or whether everyone is involved. We imagine that this has to do with negotiations ahead of possible approval.
For now, there is complete doubt about the veracity of this development surrounding the possible approval of a Bitcoin ETF. However, this does not take anything away from this news which, if confirmed, would be absolutely unprecedented in the crypto industry.
An unprecedented breakthrough!
This development, if established, would be quite historic. It does indeed change the narrative regarding the SEC’s usual position on the issue of ETF applications. So far, the regulator is known to categorically refuse all procedures in this direction.
This attitude is the one that the SEC displays towards Bitcoin ETF requests when it does not simply ignore them. Failing to react outside the regulatory deadlines required for this type of procedure. An attitude considered contemptuous by many depositors.
It must be said that the news did not fail to shake up the web. On X (formerly Twitter), this development excited several users. It means concretely, for once, that the SEC is not parading, as some accuse it of.
“The crypto world has been waiting for this moment. Let’s hope for a positive outcome for Bitcoin ETFs! », declared the user of X, identified under the pseudonym @AssureDefi. This is perhaps a sign that the regulator has no choice but to finally approve a bitcoin ETF. A prospect that several analysts believe is good for strengthening the adoption of the flagship crypto. Particularly among institutional users.
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