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This is a Solid Sign That We’ll Have a Bitcoin ETF by Wednesday

TL;DR

  • Final month, the SEC requested a bunch of modifications to the ETF functions filed by the likes of BlackRock, Grayscale, Constancy and others – which they’ve all since amended.

  • What’s thrilling is that for the primary time since this course of has began, the foremost inventory exchanges accountable for itemizing these BTC ETFs have all filed the amended paperwork as nicely.

  • Certain, it would not assure an approval…But it surely’s a reasonably strong indication that it should occur a while this week.

Full Story

Once you make a reservation at a restaurant, it is not a binding settlement so that you can present up…

But it surely’s a reasonably strong indication that you will be there.

Identical goes for these new alternate filings for a possible spot Bitcoin ETF (aka a method to purchase/promote BTC on the inventory market).

Final month, the SEC requested a bunch of modifications to the ETF functions filed by the likes of BlackRock, Grayscale, Constancy and others – which they’ve all since amended.

That ain’t thrilling in itself (this back-and-forth has been happening for months now).

What’s thrilling is that for the primary time since this course of has began, the foremost inventory exchanges accountable for itemizing these BTC ETFs have all filed the amended paperwork as nicely.

Okay, okay, “inventory exchanges file required authorized paperwork” is not all that thrilling on the floor…

But it surely’s the ‘Bitcoin ETF equal’ of creating a reservation at a restaurant.

Certain, it would not assure an approval…

But it surely’s a reasonably strong indication that it should occur a while this week.

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(Between now and Wednesday, to be particular!).

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