Final Bitcoin ETF Application Filings Get Posted by Major U.S. Exchanges
Releasing them suggests they’re confident the SEC will approve the first U.S. spot bitcoin ETFs soon.
SEC Blasts 'Purportedly Decentralized' DAOs in $1.7M Settlement with BarnBridge
BarnBridge failed to register its structured crypto product with the SEC, regulators alleged.
Hashdex Names BitGo as Bitcoin ETF Custodian as Applicants Continue SEC Meetings
A bitcoin ETF may be approved or rejected in the first few days of the new year.
Positioning Ahead Of The January Bitcoin ETF SEC Decisions
It would seem unlikely that the SEC would reject the Bitcoin Spot ETF applicants on January 10, 2024, after several discussions with those applicants and adjusting their S-1 filings. By Q1 2024, we expect Bitcoin to attempt to break above the 50,000 level. The expectations for a potential Bitcoin Spot ETF approval will likely hit the market between January 8 and January 10, 2024, making the January 12 options expiry attractive from a tactical perspective. Traders appear to price in that Bitcoin prices could swing by +/- 11% until then. Below, we discuss potential trades into the SEC Bitcoin Spot approval period.
