Spot Bitcoin ETF issuers get deadline for change applications
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Companies applying to launch a spot Bitcoin (BTC) ETF are given a deadline to make any changes to their pending applications.
according to Bloomberg, potential Bitcoin ETF issuers have until the morning of Monday, January 8, to make changes. The U.S. Securities and Exchange Commission (SEC) has until January 10 to take action on at least one of the statements.
People familiar with the matter believe regulators will use the data to make a number of decisions.
The SEC also plans to vote on 19b-4 applications filed by exchanges that will list ETFs in the coming days. Regulators may or may not take action on the S-1 filing (i.e., the potential issuer’s application for registration) at approximately the same time. If the SEC grants both sets of required approvals, the ETF could begin trading as early as the next business day.
On August 31, 2023, the SEC postponed its decision on several Bitcoin funds until at least mid-October. At the end of September 2023, the department postponed consideration of the application until January 2024.
Speculation is rampant in the cryptocurrency community over the U.S. Securities and Exchange Commission’s (SEC) expected decision this week regarding a spot Bitcoin ETF.
The SEC is expected to rule on the ARK 21Shares spot Bitcoin ETF application on January 10. Application deadlines for other asset managers, including investment giant BlackRock, are also approaching soon.
