Published on January 10, 2024 15:38 GMT+00:00edited on January 10, 2024 15:39 GMT+00:00

While the SEC’s meticulous planning around the potential approval of a spot bitcoin ETF was thrown into chaos yesterday — as its X account was breached and a fake approval post was put out — all signs continue to point toward a decision coming today.

One high-ranking executive at a prospective spot bitcoin ETF issuer told The Block that they are expecting approvals for S-1 forms tonight.

Fox Business journalist Eleanor Terrett similarly said on X that multiple potential spot bitcoin ETF issuers have said they are still very optimistic about approvals coming through today. 

While issuers and analysts appear to agree that the decision will likely come through today, what's less clear is when they might come in.

Bloomberg ETF analyst Eric Balchunas said, “Most likely is we see …