People familiar with the matter: SEC approval of spot Bitcoin ETF early this week is unlikely

On January 2nd, Fox Business reporters Eleanor Terrett and Charles Gasparino revealed that although the actions of the SEC are difficult to predict, considering that the SEC still needs to review and comment on the S-1 form submitted last Thursday and Friday, it is unlikely to be approved at the beginning of this week. Terrett pointed out that based on her communication with the issuer, the SEC may notify the issuer of the final submission date of the S-1 form after this round of review, and make it effective within the following 24-48 hours, similar to the approval timeline of Ethereum futures in October last year.

At the same time, Charles Gasparino learned from BlackRock that the organization has not yet received any news from the SEC.