SEC to Approve Spot Bitcoin ETFs on Jan 6th, Claims Journalist Melinek
The post SEC to Approve Spot Bitcoin ETFs on Jan 6th, Claims Journalist Melinek appeared first on Coinpedia Fintech News
In a notable disclosure, journalist Jacquelyn Melinek reveals that the U.S. Securities and Exchange Commission (SEC) is on the cusp of granting approval for Bitcoin Spot Exchange Traded Funds (ETFs). Drawing from trustworthy sources deeply involved in the matter, this announcement has generated significant buzz within the industry.
BREAKING: “According to Sources Very Close to the Subject, SEC Will Approve Bitcoin Spot ETFs, Big Day Tomorrow” pic.twitter.com/5HVs2WOrTd
— Adrian Zduńczyk, CMT (@crypto_birb) January 4, 2024
A Long-Awaited Opportunity
The potential green light for Bitcoin Spot ETFs signifies a critical juncture. It provides institutional investors with a regulated channel to delve into Bitcoin investments. Historically, the SEC had turned down similar applications, pointing to concerns encompassing market manipulation, liquidity, and custody matters.
Jacquelyn Melinek’s Insider Scoop
Journalist Jacquelyn Melinek has dropped a bombshell as the SEC is set to approve Bitcoin Spot ETFs tomorrow, marking a major milestone for the digital asset industry. Melinek, who has been covering the cryptocurrency space for over a decade, She claims they are “very close to the subject,” which has given her reason to believe that the SEC will give the green light to Bitcoin Spot ETFs.
The news comes as a surprise, as the SEC has previously rejected several Bitcoin ETF proposals due to concerns over market manipulation and investor protection. However, Melinek’s sources suggest that this time may be different, as the proposed ETFs have addressed these issues and met all regulatory requirements.
Filed under: Bitcoin - @ January 5, 2024 2:18 pm