Last night, the report from Matrixport sparked discussions in the market, spreading panic in the community about the rejection of a Bitcoin spot ETF. However, with more authoritative figures denying this claim, market sentiment and coin prices quickly rebounded.
According to a report from FOX Business, attorneys from the Division of Trading and Markets at the U.S. Securities and Exchange Commission (SEC) held a closed-door meeting yesterday with officials from several major exchanges interested in a potential Bitcoin spot ETF, including the New York Stock Exchange, Nasdaq, and the Chicago Board Options Exchange.
The report indicated that the meeting was seen as a positive sign, demonstrating that the SEC is still actively working on matters related to ETF applications and has requested the exchanges to make final revisions to the 19b-4 documents submitted by their representatives.
Furthermore, the report cited sources saying that although no final decision has been made, the SEC may start notifying issuers about the approval decision as early as Friday, with trading potentially starting as soon as next week.
A spokesperson for the SEC told the media that,