Political Necessity, TD Cowen
The American multinational investment bank TD Cowen predicts that the SEC is likely to greenlight spot Bitcoin ETFs by January 10 as a “political necessity,” indicating a crucial period between January 4-10 for approval.
Cathie Woods’ Ark Invest
As the deadline of January 10 approaches, Cathie Woods’ Ark Invest/21Shares Spot Bitcoin ETF is positioned as influencing the SEC’s decision. Analysts suggest that there is a political chess game at play, and TD Cowen hints at a joint approval to maintain regulatory impartiality.
Beyond ETFs Approval
In addition to focusing on ETFs, attention is drawn to two Republican-led bills addressing crypto policy. One bill aims to regulate stablecoins at the federal level, while the other takes a comprehensive approach to the crypto market structure. Though the bills face challenges, TD Cowen introduces an intriguing prospect of an opportunity for negotiations during the ‘lame duck’ period after an election.
Hot Take
TD Cowen’s prediction that the SEC will greenlight spot Bitcoin ETFs by January 10 as a “political necessity” presents an interesting perspective, indicating an upcoming crucial approval period. Cathie Woods’ Ark Invest/21Shares Spot Bitcoin ETF is positioned as influencing the SEC’s decision, and the comprehensive crypto market structure legislation could see negotiations during the ‘lame duck’ period.
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