Y’all set to spend another week muttering about imminent spot bitcoin ETF approval?

We’ve been sitting on the edge of our seat for months on this now. Last week, same old.

Thursday:

• Is this confirmation that a spot Bitcoin ETF has been officially approved?

Friday:

• SEC asked bitcoin ETF issuers to submit final versions of key docs as soon as today

A weekend update, this is the latest scuttlebutt I’ve heard, via Reuters:

• U.S. Securities and Exchange Commission on Friday discussed final wording changes on filings for spot bitcoin ETFs, a step that could lead to U.S. approval of the funds for the first time next week, sources familiar with the matter said.
• updates are due by 8 a.m. ET (1300 GMT) on Monday
• Multiple issuers said Friday they expect to receive final approval of S-1 filings by late Tuesday or Wednesday.

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On Thursday/Friday we got a ‘sell the fact (arrow on the chart below) … before the fact. And then a ‘gap fill’ since:

This article was written by Eamonn Sheridan at www.forexlive.com. Source