Releasing them suggests they’re confident the SEC will approve the first U.S. spot bitcoin ETFs soon.

Non-profit organization Better Markets has sent a letter to the US Securities and Exchange Commission (SEC) opposing the approval of a Bitcoin spot ETF. However, Fox Business reporter Eleanor Terrett and others found that the date on the letter was January 5, 2023. Later, Better Markets CEO Dennis Kelleher apologized on social media, acknowledging that the letter's date was incorrect.

Cryptocurrency asset management company Grayscale has tweeted that it disclosed specific details about a physical Bitcoin ETF in its recent Q&A information. It was pointed out that if the US Securities and Exchange Commission approves the physical Bitcoin ETF and allows GBTC to be listed on NYSE Arca, investors do not need to take any action. When investors check their holdings of GBTC stocks after they are listed on NYSE Arca, they will only see these stocks listed on NYSE Arca, not quoted on OTCQX. GBTC will retain the same stock code (GBTC) and the same CUSIP, and investors will continue to be able to buy and sell GBTC stocks at market prices.

According to a report by Jinse Finance, data analysis of the Deribit Bitcoin options market shows that traders are preparing for significant price fluctuations in January. As of January 5th, the total open contracts for Bitcoin options on Deribit are 228,646.70 BTC, with a nominal value of $10.05 billion. This number indicates a high level of market participation and interest in the future price trend of Bitcoin.

Adam Button, an analyst at financial website Forexlive, said: "I still believe that a Bitcoin ETF is a sure thing and may be launched next week. This week we have seen many reports that this is a sure thing, but the price of Bitcoin has not responded positively, which leads me to believe that people are making "sell the fact" trades in advance."

Multiple spot bitcoin ETF issuers said on Friday that they expect to receive final approval for their S-1 applications next Tuesday or Wednesday. The US Securities and Exchange Commission has asked three bitcoin ETF issuers to make "minor" adjustments, and some asset management companies are expected to modify their filings to disclose their ETF's market maker fees or identities. Insiders say that the relevant content updates will end at 8 a.m. Eastern Time on Monday (around 9 p.m. Beijing time on January 10th) and may be announced on the same day. A spokesperson for the US Securities and Exchange Commission said that the agency does not comment on individually submitted documents. It is reported that an informant from one of the spot bitcoin ETF issuers has informed Reuters that the US Securities and Exchange Commission plans to vote on the 19b-4 rule change for approving spot bitcoin ETF issuances on January 10th (next Wednesday).

Nate Geraci, the President of registered investment advisor The ETF Store, stated that the revised S-1 document will be submitted before 8am Eastern Time on Monday and may be approved on Tuesday or Wednesday (which *could* mean a launch on Thursday or Friday). The SEC only requires "minor" changes. An insider said that SEC commissioner voting may take place on Wednesday.

Analysts have stated that non-profit organization Better Markets has sent multiple letters to the US Securities and Exchange Commission (SEC) opposing the approval of a bitcoin spot ETF. On January 5th, Better Markets once again published an article on its official website calling for the SEC to reject the application for a bitcoin spot ETF, stating that approving the product would be a historic mistake and would cause huge losses for investors.

It is expected that SEC commissioners will vote on the 19b-4 documents submitted by ETF issuers next week. Typically, the approval of ETFs can be delegated to SEC staff without the need for commissioner voting. It is currently unclear whether SEC staff has provided additional feedback on all companies' 19b-4 applications.

Seven of the 13 applicants for spot Bitcoin ETFs filed revised S-1s with the SEC on the day of the deadline. An official decision is expected by Jan. 9, and trading should begin around Jan. 11. If a launch is approved, issuers may be notified as soon as Jan. 3.