Speculation over SEC approval of a spot bitcoin exchange-traded fund (ETF) has reached a fever pitch on Crypto Twitter. Viral tweets have fueled hopes it could come as soon as Friday, though analysts urge caution on the fast-spreading rumors.
The speculation was ignited after a TechCrunch reporter cited sources saying approvals were expected “tomorrow.” Also grabbing attention was a cryptic tweet from Grayscale’s CLO about “filling out forms.”
The hashtag #BTCETF began trending along with the search term “Bitcoin ETF” as crypto users debated the odds of an imminent approval. Bitcoin’s price also climbed 3.4% amid the chatter.
However, analysts continue to peg next week as the likely decision window. The public comment period for several ETF applications extends through late Thursday. Attorney Joe Carlasare says this makes Friday approval “very unlikely.”
Bloomberg’s James Seyffart described much of the viral speculation as “noise,” still expecting the decision between January 8-10. The SEC must approve formal filings from issuers before any ETF can begin trading.
While the rumor mill may be in overdrive, analysts urge patience until official filings are cleared. But the palpable excitement highlights the anticipation over a product that could take crypto mainstream.
