The United States Securities and Exchange Commission (SEC) looks set to take a decision in favor of approval of the spot Bitcoin ETF in the next few days, subject to clearance of the 19b-4 and S-1 forms, according to reports.
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Bitcoin ETF Approval & Launch
According to a Bloomberg report, the US SEC is set to have a vote on 19b-4 forms in the next few days. The ETF applicants are expected to file form S-1 until 8 am on Monday, January 8, 2024. Earlier, Bloomberg analysts reported that the chance of rejection of the ETF is down to 5%, in the context of the recently held meetings between SEC officials and the representatives of firms seeking approval. The report said,
“If the SEC grants both sets of required approvals, the ETFs could start trading as soon as the next business day.”
Accordingly, an important vote on this matter is pending early this week, in what could be a precursor to the much anticipated approv
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