Last night, Matrixport’s report sparked discussions in the market, and panic about the rejection of a Bitcoin spot ETF spread in the community. However, with more and more authoritative figures denying such claims, market sentiment and coin prices quickly rebounded.
According to a report by FOX Business, attorneys from the Trading and Markets Division of the U.S. Securities and Exchange Commission (SEC) held a closed-door meeting yesterday with officials from several major exchanges for potential Bitcoin spot ETFs, including the New York Stock Exchange, Nasdaq, and Chicago Options Exchange.
The report indicates that this meeting is seen as a positive sign, indicating that the SEC is still actively handling ETF applications and has requested the exchanges to make final modifications to the 19b-4 documents submitted by the sponsors.
In addition, the report quotes sources as saying that although no final decision has been made yet, the SEC may start notifying the sponsors about their approval decision as early as Friday, and trading could potentially start as early as next week.
An SEC spokesperson told the media that the SEC is actively reviewing ETF applications and will communicate any decisions to the sponsors.
