January 10 is the deadline to decide on Bitcoin Spot ETFs. The United States Securities and Exchange Commission must decide on the fate of these new financial instruments well before this period. For the investment bank TD Cowen, respecting this deadline is akin to a “ political necessity “.
Bitcoin ETF, green light before January 10?
Yesterday, journalist Eleanor Terrett (Fox Business) demonstrated theimpossibility of presenting a verdict at the start of the week. SEC officials were in fact entitled to days off to spend the end-of-year holidays in peace.
“ SEC Will Approve Bitcoin Spot ETFs Before Jan. 10 Deadline Out of ‘Political Necessity,’ Says TD Cowen [banque évaluée à] 15 billion dollars. »
Apparently, the predictions around the approval date of Bitcoin ETFs in cash are linked together at the start of the year. According to The Block, the investment bank TD Cowen believes that the SEC is obliged to decide on the fate of trackers associated with bitcoin (BTC) before next Wednesday. Otherwise, she would commit political error capable of forever tarnishing its image.
“ For us, this is a political necessity, because the agency must consolidate its role as crypto regulator before Congress considers broader crypto legislation. We also believe the agency does not want to lose a legal challenge to its refusal to approve bitcoin ETFs », Specifies the team of researchers at TD Cowen Washington.
Why is the date January 10, 2023 a reference? In fact, this is the deadline for the crypto regulator to decide (accept or deny) the fate of applications from Cathie Wood’s ARK Investment (predicting that bitcoin could reach $1 million) and 21 Shares. Of the 14 applicants for the Bitcoin Spot ETF, these two submitted their applications first.
Maximize your Tremplin.io experience with our ‘Read to Earn’ program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
