Two CEOs of spot Bitcoin ETF applicants have come forward to express their confidence in their firms’ ETFs trading on Thursday, according to recent media appearances made by the crypto executives.
When asked about the potential trading start for his firm’s spot Bitcoin ETF on Thursday during a Tuesday morning appearance on CNBC, VanEck CEO, Jan van Eck, replied, “yeah.” Similarly, Valkyrie co-founder and CIO Steven McClurg told The Block that he expects “the SEC will deem the ETFs effective at close of business Wednesday and the trading to begin on Thursday morning.”
“If you’re considering an investment involving crypto assets, be cautious,” wrote Gensler in an additional post on January 9th. “Crypto asset securities may be marketed as new opportunities but there are serious risks involved.”
McClurg and van Eck’s comments come amidst recent statements posted on X by SEC chair Gary Gensler regarding cryptocurrency investments. Gensler’s posts have received attention, with some social media users interpreting them as a nod to potential upcoming spot Bitcoin ETF approval.
On Tuesday morning, Bitcoin’s 50-week moving average crossed above its 200-week moving average, creating a bullish indicator known as a “golden cross” in the context of spot Bitcoin ETF approvals. Additionally, several spot Bitcoin ETF hopefuls have significantly lowered their proposed management fees in a bid to outdo their competitors, further indicating potential approval.
“I know there’s been a lot of noise, but just in case anyone has been living under a rock — we’re in that Jan 8th-10th window that many of us have had our eyes on,” stated senior ETF analyst James Seyffart. “Bitcoin ETFs are knocking on the door of SEC approval.”
