News media are watching for the United States Securities and Exchange Commission (SEC) approval of the Bitcoin (BTC) exchange-traded funds (ETFs) with the same anticipation as traders.

“Happy ETF Approval Day,” Bloomberg senior ETF analyst Eric Balchunas posted on X (formerly Twitter) in the early hours of Jan. 10. “As far as we know it’s ALL SYSTEMS GO. […] We are ready at Bloomberg.”

Later in the day, it was reported on X that the news service had fully prepared for trading with all 11 of the proposed BTC ETFs populated in the Bloomberg Terminal. That software provides news and analytical data in real-time.

Balchunas speculated that approval could come from the SEC between 4:00 and 6:00 p.m. ET (21:00 and 23:00 UTC) and trading would begin Jan. 11.

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Balchunas’ colleague James Seyffart said that morning, “I’m waiting on these 19b-4 Bitcoin ETF approval orders. Once we see those, it’s a done deal.” That does not seem to have happened at the time of writing.

All 11 BTC ETF applicants filed Form 19b-4 amendments on Jan. 5. Form 19b-4 is filed by a clearing house to inform the SEC of intended changes it will make that affect its risk level. It is one of the last steps in the approval process.

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