According to a previous report by Reuters, it was mentioned that Bitcoin spot ETFs could potentially notify 14 Bitcoin spot ETF issuers by Tuesday or Wednesday in US time, whether their applications will be approved. As the prophesied day draws nearer, Bitcoin has experienced a rapid rebound and surged past the $45,000 level in the past 12 hours, reaching its highest level in the past 20 months.
According to data from Coinglass, in the past 24 hours, a total of 56,109 people have been liquidated, with a total liquidation amount of $164 million. The largest single liquidation occurred in the BTCUSDT trading pair on Binance, with a value of approximately $10.16 million.
However, just as the market is optimistic about the clearance of Bitcoin spot ETFs, Fox Business reporter Eleanor Terrett poured cold water on the market by stating that she does not believe Bitcoin spot ETFs will actually be approved in these two days.
Eleanor Terrett pointed out that based on her communication with ETF issuers, she understood that after the SEC received the S-1 documents submitted on Thursday/Friday, they still need to review the changes made by each issuer and provide comments on them. This process takes a considerable amount of time, and SEC staff have been on vacation since last Friday, so the approval on Tuesday or Wednesday may be too tight.
However, it should be emphasized that although Eleanor Terrett believes that Bitcoin spot ETFs may not be approved on the market’s expected Tuesday or Wednesday, she still seems confident about obtaining approval before January 10th.
