SEC Held Conference Call With ALL Spot Bitcoin ETF Applicants: Approval Expected by Jan 10th, 2024

The U.S. Securities and Exchange Commission (SEC) has reportedly conducted a series of targeted conference calls with all filers of spot Bitcoin Exchange-Traded Funds (ETFs). Fox Business Network's Senior Correspondent, Charles Gasparino, described these engagements as a “rare” occurrence in regulatory actions.

Timeline of Bitcoin

According to the latest analysis by analyst Crypto World, Bitcoin is showing signs of resilience as it bounces off crucial support levels. While the price is nearing short-term resistance, Ethereum and several other altcoins are also gearing up for potential breakouts. Bitcoin is still within a bullish trend, marked by higher lows and higher highs.

In a recent development, the U.S. Securities and Exchange Commission (SEC) is reportedly in discussions with multiple applicants seeking approval for spot Bitcoin exchange-traded funds (ETFs). FOX Business correspondent Charles Gasparino revealed insider information, stating that the SEC is holding a rare joint conference call with prospective Bitcoin ETF filers.

The US Securities and Exchange Commission (SEC) reportedly held a joint conference call with spot Bitcoin ETF filers. Fox Business' senior correspondent, Charles Gasparino, shared an update on the development.

The crypto world witnessed a significant chapter close on December 20, 2023, as the United States Court of Appeals finalized the forfeiture of 69,370 Bitcoin. This decision, stemming from the notorious Silk Road case, marks one of the most substantial forfeitures in the annals of digital currency.

Argentina's new government has officially legalized the use of Bitcoin and other cryptocurrencies for contract settlements and payments under a new economic decree. Diana Mondino, the country's Minister of Foreign Affairs, International Trade and Worship, announced the development on social media on Dec. 21.

Bitcoin's price has recently found a stable range around the critical resistance level of $45K, indicating a bullish sentiment among market participants. However, there is a possibility of a short-term decline, potentially pulling back towards the $40K support level.

Argentina is making waves in economic policies under President Javier Milei. Recent announcement by the Minister of Foreign Affairs, Diana Mondino, reveals a groundbreaking shift toward Bitcoin adoption for contractual agreements. This move, coupled with plans to close the central bank and embrace a currency-free market, marks an unprecedented experiment.

Research firm Messari published its latest Crypto Theses report, and it paints a vibrant picture of optimism for certain digital assets, as well as excitement surrounding artificial intelligence (AI)-powered tokens. Messari analysts emphasized Bitcoin (CRYPTO: BTC) as "digital gold" and highlighted its growing appeal to institutional investors.

In a recent development, insider sources linked to FOX Business suggest that the SEC is poised to greenlight the first spot Bitcoin exchange-traded fund (ETF) by Jan. 10, 2024. This potential decision looms as a transformative milestone for the widespread acceptance of cryptocurrency within the U.S.

Cryptocurrency enthusiasts and investors have recently observed a significant decline in the price of Ethereum (ETH) relative to Bitcoin (BTC) and Solana (SOL). This decline has led to concerns about the future of Ethereum, with some critics predicting its demise.