The United States Securities and Exchange Commission (SEC) is on the verge of approving Bitcoin BTC exchange-traded funds (ETFs), a development eagerly awaited by both news media and traders. Eric Balchunas, a senior ETF analyst at Bloomberg, expressed his anticipation on X (formerly Twitter) on January 10, stating, “Happy ETF Approval Day,” and “As far as we know it’s ALL SYSTEMS GO. We are ready at Bloomberg.”

Later that day, it was reported on X that Bloomberg had fully prepared for trading, with all 11 of the proposed BTC ETFs populated in the Bloomberg Terminal. This software provides real-time news and analytical data. Balchunas speculated that the SEC could give its approval between 4:00 pm and 6:00 pm ET (9:00 pm and 11:00 pm UTC), and that trading would commence on January 11.

James Seyffart, a colleague of Balchunas, is also eagerly awaiting the approval of the 19b-4 Bitcoin ETF orders. He stated, “I’m waiting on these 19b-4 Bitcoin ETF approval orders. Once we see those, it’s a done deal.” However, at the time of writing, this approval does not seem to have been granted.

All 11 BTC ETF applicants filed Form 19b-4 amendments on January 5. This form is filed by a clearing house to inform the SEC of intended changes that will affect its risk level. It is one of the last steps in the approval process.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	1
People	James Seyffart, Eric Balchunas
Companies	Bloomberg, Bitcoin BTC, United States Securities and Exchange Commission, X
Currencies	Bitcoin
Securities	None