Bloomberg Analyst Eric Balchunas Discusses the Imminent Completion of Bitcoin spot ETFs, Stating, “According to my sources, it’s Essentially Finalized”

In recent developments, Nasdaq modified the Valkyrie Bitcoin ETF 19b-4 application and also submitted an amendment for BlackRock’s iShares Bitcoin ETF 19b-4 application. This signals that the U.S. Securities and Exchange Commission (SEC) has conducted private discussions with exchanges regarding 19b-4 filings and appears content with the latest submission.

Analysts Eric Balchunas, James Seyffart, and Eleanor Terrett, who closely tracked these events, suggest that the SEC’s involvement in ongoing discussions with exchanges is evident and that the final filing has met their satisfaction.

Eric Balchunas confidently stated that approval for Bitcoin (BTC) Spot ETFs is now assured, emphasizing that it’s a done deal.

“Yes, actually it’s okay. Last I heard (from multiple sources) the final S-1 amendments are due at 8 a.m. on Monday as the SEC tries to get everyone lined up for the January 11 launch. However, I still want to hear from the SEC to officially announce it.” _Eric Balchunas

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