Anthony Scaramucci is confident that the Securities and Exchange Commission (SEC) will approve the spot Bitcoin ETF filings.
Anthony Scaramucci, the founder of SkyBridge Capital, is highly optimistic regarding the spot Bitcoin ETF filings approval by the U.S. Securities and Exchange Commission (SEC).
This arises after the SEC officials’ meeting with Blackrock representatives regarding the prospective approval of the ETF.
Meanwhile, the price of Bitcoin (BTC) remains stable at $37,000 ahead of the Christmas holiday.
Anthony Scaramucci’s Prediction on Bitcoin ETF Approval Â
Scaramucci stated on a podcast that if asked directly whether the spot Bitcoin ETF would be approved by January 10, 2023, he would respond ‘yes.’
He further stated that obtaining approval by January 10 is the most logical and evident course of action.
The deadline for several ETF filings is scheduled before January 10, which may pave the way for approval.
Notwithstanding, the Commission retains the authority to prolong the delay for technical reasons.
Prominent financial institutions, including Blackrock, Fidelity, Valkyrie, and ARK Invest, are competing for the Securities and Exchange Commission’s approval of the inaugural spot Bitcoin ETF filing.
Analysts have been speculating that in order to prevent a single company from gaining the first-mover advantage, the SEC would approve filings en masse.
SEC Discussions Regarding Blackrock Intensify
BlackRock representatives and officials from the SEC’s Trading and Markets division had previously convened yet another meeting to negotiate the Bitcoin ETF application on the spot.
This meeting occurred around a week after the initial consultation between the two parties regarding the cash model summary that might be implemented for the ETF.
Additionally, it has been reported that the US SEC and crypto exchanges have been discussing the necessary amendments for ETF operations.
Leading American exchange Coinbase dominates the custodial space among the vast majority of spot Bitcoin ETF candidates.
