One of the most important agenda items in the cryptocurrency markets is the expected ETF applications from trillion-dollar asset managers. The US securities regulator has been rejecting spot Bitcoin ETF applications for years. Hopes have risen following the recent crypto victory in the GBTC case, and excitement has reached its peak with the approach of January.
At the time of writing, the value of BTC is at the level of $42,500, and the $43,000 region has not yet been secured after the Fed decision. The CNBC broadcast began about half an hour ago, and the main focus was on regulatory rules and artificial intelligence.
SEC Chairman Gensler avoided giving any indication of whether the agency would approve Bitcoin ETFs. He also reiterated once again that the cryptocurrency industry does not have sufficient regulatory oversight.
Experts are confident that there is a 90 percent chance that ETF approvals will come by January 10th and are evaluating ongoing negotiations positively with potential violations in mind. Following the recent Binance settlement, it was thought that the opening of the largest cryptocurrency exchange to the US regulator at least partially alleviated the SEC’s concerns.
In summary, in the cryptocurrency markets, expectations are high regarding whether the US securities regulator will look favorably on Bitcoin ETF applications. Experts and investors are eagerly awaiting possible approvals with the arrival of January.