As the weather begins to chill in November, the College Football Playoff race heats up. This year, the race, along with the last few years, has sported changes regarding what schools are playing sports where. In fact, seven of ten Football Bowl Subdivision conferences have or will undergo membership changes.

Somewhat similar, but somewhat different, in the crypto universe, there are twelve players in the “bitcoin spot etf conference” (not an actual conference, but analogous thereto). If you remember from our time on court back in September, we analyzed Grayscale’s ETF bid in the eyes of an appeals court and watched as the SEC deferred decisions on six major ETF applications. Importantly, these six early recruits are now up and center in the eyes of the SEC yet again.

As of today, November 9^th, a brief window is open for the SEC to potentially approve all 12 US spot Bitcoin ETF applications, including the 6 we tracked back in August and September. Notably, this window will be open for at least eight days. Eyeballs should be watching closely throughout this window, as the highly-anticipated watch for a spot bitcoin ETF approval in the US may, possibly, become a reality.

As the SEC reviews said applications, reasons for rejections would have to be novel and unique since previous arguments and the lack thereof, in fact, culminated to this window of time. Actually, though this window is short in theory, Bloomberg’s James Seyffart and Eric Balchunas stated that “we still believe there’s a 90% chance of approval by Jan. 10.” 

We shall see!

Works Cited: See https://cointelegraph.com/news/bitcoin-etf-approval-window-sec-bloomberg-analysts.