Posted 1/2/2024, 12:35:25 AM
SEC Faces Heavy Workload, Unlikely to Meet Bitcoin ETF Decision Deadline
- SEC facing heavy workload, paperwork overload amid looming Bitcoin ETF decision deadline on January 10th
- BlackRock hasn't heard from SEC despite nearing deadline, suggesting pending work remains
- Eleanor Terrett sources say paperwork volume makes an announcement likely by week's end
- Terrett doubts decision will happen tomorrow given S-1 changes SEC must still review and comment on
- Bitcoin ETF approvals could set precedent for future crypto financial products, impact wider adoption