SEC’s first window to approve all 12 spot Bitcoin ETFs to begin today

” The factor for this short window is that when the SEC extended the due date for a number of the pending spot Bitcoin ETF filings, it selected Nov. 8 as the last day of the comment period.From Nov. 17, the remark duration for 3 filings, consisting of Global X Bitcoin Trust, Hashdex Bitcoin ETF and Franklin Bitcoin ETF would recommence, implying that they would not be approved or rejected till after Nov. 23 at the earliest.While the window for accepting all 12 filings ends on Nov. 17, Seyffart added that the SEC might technically make a choice on nine of the twelve applications anytime before Jan. 10. Source: James SeyffartWhile the approval of an area Bitcoin ETF is in no way guaranteed, both Seyffart and Balchunas predict a 90% opportunity of an approval at some point before Jan. 10 next year.Grayscale in talks with SEC over GBTC conversionWhile market experts excitedly wait for the SECs decision, crypto property manager Grayscale has actually reportedly started discussions with the regulator worrying its application to transform its trust item GBTC into a spot Bitcoin ETF, according to a Nov. 9 report from CoinDesk. Related: Spot Bitcoin ETF buzz reignited zest for blockchain video games: Yat SiuIn the previous month, Solana (SOL) gained a staggering 93% in the middle of scaling improvements, while Ripple (XRP) and Ether (ETH) grew 36% and 20% respectively.While many within the industry are confident an approval will kickstart the next bull market, other experts arent persuaded that the rally has staying power.Magazine: How to secure your crypto in a volatile market– Bitcoin OGs and professionals weigh in

The United States Securities and Exchange Commission could approve all 12 of the pending spot Bitcoin (BTC) exchange traded fund (ETF) applications within the next eight days. Bloomberg ETF analysts James Seyffart and Eric Balchunas composed that beginning from Nov. 9 in the United States, the SEC has a “window” to authorize all 12 area Bitcoin ETF filings– including Grayscales conversion of its GBTC trust product– in the days leading up to Nov. 17, but worried this was only a possibility. New Research note from me today. We still believe 90% possibility by Jan 10 for area #Bitcoin ETF approvals. If it comes earlier we are going into a window where a wave of approval orders for all the present candidates * COULD * happen pic.twitter.com/u6dBva1ytD— James Seyffart (@JSeyff) November 8, 2023