In the latest development, about a dozen Bitcoin spot ETF (exchange-traded fund) applicants have submitted 19b-4 amendment documents. These submissions come with the deadline for the United States Securities and Exchange Commission (SEC) to approve the investment product just days away.
Will Bitcoin Spot ETF Be Approved Next Week?
On Friday, January 5, 11 asset management firms looking to offer Bitcoin spot ETF in the US filed 19b-4 amendments for their applications. These companies include BlackRock, Grayscale, Valkyrie, ARK 21shares, Hashdex, Biteise, Invesco Galaxy, Fidelity, VanEck, WisdomTree, and Franklin Templeton.
These submissions are one of the defining last steps in the SEC approval process for an exchange-traded fund. However, S-1 filings still need to be completed and approved for exchanges in the United States to begin listing crypto ETF products.
Bloomberg analyst Eric Balchunas, in a post on X, suggested that the Bitcoin spot ETF will receive the SEC’s approval next
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