When Will the Bitcoin ETF Be Approved?
It’s now a question of when, not if, so when, exactly, is this likely to be?
Recently, I published an article discussing what might happen when a Bitcoin ETF is approved by the Securities and Exchange Commission (SEC) in the US.
The article was fairly comprehensive, but one question it didn’t answer (as I was reminded by several people who got in touch) was when this momentous event might occur.
Good question.
So, while we can’t be sure what is in the minds of the decision makers at the SEC, we might be able to get a good idea by looking at key dates and the anecdotal feedback we’re getting from players involved with the applications.
In fact, over the 24 hours preceding the writing of this article — and actually as I started putting it together — things are definitely happening.
So let’s dive in.
How we got here
The SEC has been busy denying claims for spot ETFs for over a decade now when the the Winklevoss twins put in their very first application back in 2013. Since then, it’s been the same old story.
Delay, delay, delay and deny at the last minute, thereby extending the process for as long as possible.
