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SEC Requires ETF Issuers to Submit Final Amended Documents
Key Approval Date: January 10th
According to information shared by Fox Business reporter Eleanor Terrett, the U.S. Securities and Exchange Commission (SEC) has notified all Bitcoin spot ETF issuers that the final amendments to their S-1 applications must be completed by Friday. Only applications that submit the amended documents within the specified timeframe will be considered for the first wave of approvals.
Furthermore, the SEC specifically emphasized that the applications must not mention “in-kind creation.” Any application that includes this term will be rejected.
The Bitcoin spot ETF is about to face a crucial approval date. The SEC must make a ruling on the ARK 21Shares Bitcoin ETF on January 10th, with no further delays allowed. Additionally, decisions on seven other ETF applications, including BlackRock, WisdomTree, and VanEck, will be made on January 14th to January 17th, regarding approval, rejection, or further delays.
As it is widely believed that the SEC will not give any party a first-mover advantage, combined with January 10th being the final deadline for the ARK 21Shares Bitcoin ETF, this naturally becomes the key date for the SEC to approve the Bitcoin spot ETF.
