6:10 pm ET: Hey, Felix right here, I’m the information editor to cowl the following eight hours or so. I’ll be right here to maintain you in control with every part spot Bitcoin ETF — and I am bringing you optimistic vibes already.
The required S-1 approvals are coming in. Meaning spot Bitcoin ETFs may start buying and selling as early as tomorrow, per Bloomberg analyst James Seyffart.
5:35 pm ET: A more in-depth inspection of the assertion from Chair Gensler provides us some insights into the SEC’s stance on cryptocurrencies. With phrases like “we didn’t approve or endorse Bitcoin,” he‘s most definitely not being impartial. See what you assume.
5:15 pm ET: Whereas it’s definitely Bitcoin’s day, the opposite prime crypto coin, Ether, can also be eager to get in on the act. Learn how the state of affairs seems to be for ETH right here.
4:55 pm ET: One of many events vying for spot Bitcoin ETF approval, Grayscale Investments, has now revealed its official discover of approval. Extra to observe quickly, little doubt.
And Cathie Wooden, CEO of ARK Make investments, is now dwell on Twitter discussing the information, however Cointelegraph’s stream is the place to be!
4:45 pm ET: So, these of you who thought the announcement can be priced in, you could be proper. Bitcoin has barely batted an eyelid on the information. Was yesterday’s hoax the smash-and-grab deliberate for immediately’s announcement?
As you possibly can see, within the minutes for the reason that announcement, we’ve had little or no motion in any respect. Was everybody anticipating one more hoax and held again?
4:40 pm ET: We’ve got the primary phrases from SEC Chair Gary Gensler. An official assertion is now up on the SEC web site.
4:35 pm ET: The Cointelegraph dwell YouTube stream is starting proper now. Head on over, and meet up with hosts Robert Baggs and Giovanni Pigni on all of the developments — dwell and in coloration!
4:30 pm ET: We’ve got our first reactions to the information, from Bloomberg stalwarts Eric Balchunas and James Seyffart.
“Order granting accelerated approval” it’s over. Thank God. pic.twitter.com/qCozlxzSBX
— Eric Balchunas (@EricBalchunas) January 10, 2024
Anybody fearful that this was a possible fakeout once more. NOPE.
The 19b-4 approval order has formally hit the SEC entrance dealing with a part of the web site: pic.twitter.com/5WVBHzVdHf
— James Seyffart (@JSeyff) January 10, 2024
4:25 pm ET: The hyperlink is working once more, so test it out for your self earlier than the gremlins come again!
4:20 pm ET: Hello, I’m Stu, and I’ll be right here to maintain you up to date as this story develops over the approaching hours. Initially, let’s see how the information was introduced immediately.
Nicely, as all the time, it was lower than easy! The approval doc briefly appeared on the SEC web site, solely to vanish moments later, leaving an “Error 404” message in its wake.
4:20 pm ET: Good morning, good afternoon or good night, wherever you’re! The information is out: Spot Bitcoin ETFs have been permitted by the SEC, and Cointelegraph is right here to maintain you recent on all the most recent information and feedback as this story develops. Stick with us over the approaching hours as we offer a dwell weblog.
