Perianne Boring, President and Founder of the Chamber of Digital Commerce in the United States, stated that the SEC’s additional comments indicate a delay in the approval of ETFs.
As we near the end of the SEC’s decision phase regarding Bitcoin spot ETF applications, the SEC has issued additional comments on the S-1 filings containing updates from ETF applicant companies.
While some interpret these supplemental comments from the SEC as the final step before approval, others see them as a signal of a delay in ETF approval.
One of those who sees it as a delay signal is Perianne Boring, President and CEO of the Chamber of Digital Commerce in the United States.
Discussing the SEC’s supplemental comments from the X account, the prominent CEO expressed concern that the SEC and its chairman, Gary Gensler, are finding alternative ways to block the approval of a Bitcoin spot ETF.
“Update on Bitcoin spot ETF: SEC just issued a supplemental comment on the pending S-1 filing. This signals a delay in the ETF approval.”
While the prominent figure explains these comments as a sign of delay, Bloomberg ETF analyst James Seyffart, closely monitored in the ETF process, argues that the SEC’s comments are not necessarily a signal of delay or rejection for ETF applications.
“It is true that this morning the SEC issued comments, supplemental comments on S-1 filings related to fees that we all went crazy about, but this is not an unusual event, so expect other changes tomorrow (1/10).
“However, I don’t think these supplemental comments necessarily signal a delay for the ETFs.”
Finally, on Boring’s post, a user wrote that Ark Invest’s application cannot be delayed any further and the SEC will definitely make a decision to accept or reject it.
Responding to this comment, Boring stated that his reference to delay meant rejection and “the decision to postpone is just a delay in approving the ETFs.”
As known, the SEC’s ETF decision deadline on January 10 only includes Ark Invest’s application. However, many, including Bloomberg analysts, believe that the SEC will accept ETF applications from all companies.
