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. Bloomberg senior ETF analyst Eric Balchunas expressed his anticipation with a post on X (formerly Twitter) in the early hours of Jan. 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, a software that provides news and analytical data in real-time. Balchunas speculated that the SEC’s approval could come between 4:00 and 6:00 p.m. ET (21:00 and 23:00 UTC) and that trading would commence on Jan. 11.

James Seyffart, Balchunas’ colleague, stated that morning, “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 does not seem to have occurred. All 11 BTC ETF applicants filed Form 19b-4 amendments on Jan. 5. Form 19b-4 is filed by a clearing house to inform the SEC of intended changes that will affect its risk level, marking 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