According to Bloomberg, companies intending to issue Bitcoin spot ETFs have been granted a final revision deadline of Monday morning (8th) to submit their pending applications, with the U.S. Securities and Exchange Commission (SEC) itself required to take action on at least one application by January 10th. Cryptocurrency industry insiders speculate that the regulatory agency will announce a series of decisions on multiple applications on that day.
Bitcoin spot ETFs must meet two technical requirements before they can begin trading. Firstly, the SEC must sign off on the so-called 19b-4 documents, which are submitted by exchanges planning to list these ETFs. Secondly, the regulatory agency must approve the relevant S-1 forms, which are the registration applications of potential issuers, including BlackRock and Fidelity.
It is reported that the SEC plans to vote on the 19b-4 documents submitted by exchanges in the coming days, and it may or may not take action on the issuers’ applications (S-1) at the same time. If the SEC grants the required approvals for both sets, these ETFs could potentially start trading as early as the next business day.
