Anthony Scaramucci Reveals ‘Obvious’ Timeline For Spot Bitcoin ETF Approval

Anthony Scaramucci, the founder of SkyBridge Capital, is quite optimistic about the U.S. Securities and Exchange Commission (SEC) approving the spot Bitcoin ETF filings. This comes after the SEC officials’ meeting with representatives from Blackrock over the potential ETF approval.

Meanwhile, the Bitcoin Price (BTC) is maintaining the $37,000 level ahead of the Christmas holiday season.

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Anthony Scaramucci’s Bitcoin ETF Approval Prediction

Scaramucci said during a podcast that if asked point blank whether the spot Bitcoin ETF will be approved by January 10, 2023, he would react with a ‘yes’. He added that an approval by January 10 makes the most sense and the most obvious outcome to likely happen. Several ETF filings have the deadline lined up before January 10, which could possibly set the stage for the approval. However, the Commission could also choose to extend the wait owing to technical reasons.

Financial giants of the likes of Blackrock, Fidelity, Valkyrie and ARK Invest are vying for approval of the first ever spot Bitcoin ETF filing from the Securities and Exchange Commission. Analysts have been predicting that the SEC would opt for a mass approval of filings to avoid the first mover advantage to a single company.

Blackrock – SEC Discussions Intensify

Earlier, CoinGape reported that yet another meeting was convened between BlackRock representatives and officials from the SEC’s Trading and Markets division to negotiate on the spot Bitcoin ETF application. This meeting came just around a week after the two parties’ first meeting over the choice of cash model summary to be potentially used for the ETF.

Also, the US SEC has reportedly been in deliberation with crypto exchanges over the amendments required for ETF operations. Top US based exchange Coinbase is dominating the custodial space among a majority of spot Bitcoin ETF aspirants.

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Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1,200 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at [email protected] or twitter.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/

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