Good News for Bitcoin ETF from Fox Business Journalist: "He Pointed to History!"

Over the past few months, the cryptocurrency market's agenda has been largely focused on Bitcoin ETFs. The SEC has required all ETF applicants to submit their S-1 amendments by December 29, 2023. This was discussed as a detail that strengthened the possibility of initial approval.

Fox Business's Eleanor Terrett suggested that the SEC has confirmed that applications completed so far could be considered in the first wave.

As Koinfinans.com reported, prominent names such as BlackRock, Fidelity and Hashdex made many changes to their conditions after their SEC meetings last month. There has also been frequent speculation that talks between leading companies and the regulator have not been very positive.

Investment giant BlackRock does not hesitate to make posts and updates that maintain its belief that its spot ETF application, which it made at the beginning of this year, will be approved. The investment giant claims that the impact and success of the ETF approval can get much better with the "iShares Bitcoin Trust".

Bitcoin ETF Expectations Are On The Line

The ongoing litigation between the SEC and Grayscale Investments remains one of the major speculations driving sentiment that the regulator may finally approve the product. The court had made important decisions, such as the right to reconsider these applications. The SEC, on the other hand, did not even object to these decisions, making things more moderate.

Another obvious catalyst is that potential issuers of Bitcoin ETFs have agreed on a redemption model for BTC ETF. According to Eleanor Terrett, while many people are looking for a new model to focus on Bitcoin, the SEC is not keen on these models.

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