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Bitcoin spot ETF update: 11 ETFs possibly to be approved at 6 a.m. Taiwan time on 1/11

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Bitcoin spot ETF update: 11 ETFs possibly to be approved at 6 a.m. Taiwan time on 1/11

Yesterday saw another frenzy of updates on ETF filings, with Wisdomtree, Invesco, Valkyrie, and Bitwise once again lowering fees. Currently, five issuers have offered a major incentive of no management fees at the initial stage. The market expects the SEC to make a decision on Wednesday evening (1/10), and Bloomberg ETF analyst Jamse Seyffart anticipates that eleven Bitcoin spot ETFs will officially launch in the market on Thursday.

Taiwan Time 1/11 at 6 AM Likely to Approve

According to The Block's report, both VanEck CEO Jan van Eck and Valkyrie stated during interviews that the SEC is expected to approve a Bitcoin spot ETF by the end of Wednesday's trading day, with trading set to commence on Thursday!

Bloomberg ETF analyst Eric Balchunas also provided real-time updates on various data yesterday, indicating an unprecedented speed at which all parties submitted applications, comments, and resubmitted applications within a 24-hour period, showing eagerness for the show to start promptly. Balchunas also believes that the SEC will announce the results around 4 or 5 PM on 1/10 in the U.S., which is 5 or 6 AM on 1/11 in Taiwan, with the ETF set to launch on Thursday, 1/11!