‘All indications’ point to Wednesday approval, Thursday launch for bitcoin ETFs: Valkyrie CIO

The Securities and Exchange Commission is expected to make a decision on proposed spot bitcoin ETFs Wednesday. 

If the commission approves the spot bitcoin ETF applications, trading could begin within 24 hours, Bloomberg Intelligence analyst James Seyffart told Blockworks. Such listings could only come if the SEC approves the stock exchanges’ 19b-4 proposals, and deems effective the issuers’ registration statements, known or S-1s (S-3s in Grayscale’s case). 

“I think we’ll get approval tomorrow,” Valkyrie co-founder Steven McClurg told Blockworks Tuesday. “All indications line up with approval [Wednesday], launch Thursday. Of course, anything can happen, right? But, that…

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