Anthony Scaramucci’s Optimism on Bitcoin ETF Approval
Anthony Scaramucci, the founder of SkyBridge Capital, is optimistic about the U.S. Securities and Exchange Commission (SEC) approving spot Bitcoin ETF filings. This follows a meeting between SEC officials and representatives from Blackrock regarding the potential ETF approval.
Meanwhile, the Bitcoin Price (BTC) is holding steady at the $37,000 level as the Christmas holiday season approaches.
Scaramucci’s Prediction on Bitcoin ETF Approval
Scaramucci stated in a podcast that he believes the spot Bitcoin ETF will be approved by January 10, 2023. He mentioned that an approval by this date is the most logical and likely outcome. Several ETF filings have a deadline before January 10, which could pave the way for approval. However, the Commission may choose to extend the timeline for technical reasons.
Financial giants like Blackrock, Fidelity, Valkyrie, and ARK Invest are competing for approval of the first-ever spot Bitcoin ETF filing from the SEC. Analysts predict that the SEC may approve multiple filings to avoid giving a single company a first-mover advantage.
Blackrock – SEC Discussions Intensify
There has been another meeting between BlackRock representatives and officials from the SEC’s Trading and Markets division to discuss the spot Bitcoin ETF application. This meeting took place shortly after their initial meeting regarding the choice of cash model summary for the ETF.
Hot Take: Anthony Scaramucci’s Positive Outlook on Bitcoin ETF Approval
Anthony Scaramucci’s optimism about the approval of spot Bitcoin ETF filings by the SEC reflects growing confidence in the cryptocurrency market. The involvement of financial giants like Blackrock and the discussions between Blackrock representatives and SEC officials further indicate progress in this direction. If approved, a Bitcoin ETF could attract more institutional investors and potentially drive up the price of Bitcoin. However, it remains to be seen whether the SEC will grant approval by January 10, 2023, as predicted by Scaramucci. The crypto community eagerly awaits the SEC’s decision and its potential impact on the market.
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