Sources: The SEC may start notifying issuers of approval on Friday, with trading possibly beginning as early as next week

ChainCatcher news, according to a report by FOX Business citing sources, SEC lawyers from the trading and markets division will meet on Wednesday with officials from major exchanges—the New York Stock Exchange, Nasdaq, and the Chicago Board Options Exchange—which will be the venues for ETF trading.

The meeting is seen as a positive signal that the SEC is nearing the approval of several or all of the product applications submitted by major currency managers and cryptocurrency companies, according to company insiders who requested anonymity. Specifically, the SEC has requested exchanges to modify and finalize the so-called 19b-4 filings, which are submitted by exchanges on behalf of issuers and must be approved by the SEC before the ETFs can be sold to the public.

Although a final decision has not yet been made, sources indicate that the SEC may start notifying issuers of approvals as early as Friday, with trading potentially beginning next week. ETF analysts and issuers unanimously believe that the SEC will make a favorable decision by January 10 or earlier, as the SEC continues to meet with key stakeholders in the matter.