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Bitcoin

Spot Bitcoin ETF Issuers Will Be Notified In Preparation For The Launch Of ETFs Before Jan 10

January 2, 2024 - Around 2 mins mins to read

Key Points:

  • SEC may notify spot Bitcoin ETF issuers by Wednesday before the Jan. 10 decision for Ark Investments and 21Shares.
  • Approval hints may come this week, but Fox Business suggests the SEC may announce filing dates following the Ethereum ETF approval timeline.
  • Twelve spot Bitcoin ETF issuers aim to launch ETFs, sparking market excitement, with industry experts anticipating approvals in January.
The U.S. Securities and Exchange Commission (SEC) is anticipated to inform spot Bitcoin ETF issuers of the fate of their applications by this Wednesday, preceding the Jan. 10 deadline for the decision on the Ark Investments and 21Shares proposal.
Spot Bitcoin ETF Issuers Will Be Notified In Preparation For The Launch Of ETFs Before Jan 10

Read more: In Which Countries Is Spot Bitcoin ETF Currently Approved?

CNBC reports that the SEC may grant approval notifications “as soon as this week” to spot Bitcoin ETF issuers. However, Fox Business correspondent Eleanor Terrett suggests that a green light for a spot Bitcoin ETF in early January is improbable.

Instead, she predicts the SEC will likely communicate the final Form S-1 filing date, akin to the schedule observed for Ethereum (ETH) futures ETFs last October, allowing applicants 24 to 48 hours to prepare for a potential Jan. 10 launch.

Approximately twelve asset managers are vying to introduce spot Bitcoin ETFs on exchanges such as Nasdaq, Cboe BZX, and NYSE Arca.

This development comes amidst heightened anticipation within the trading community regarding the potential approval of the first Bitcoin ETF in the U.S. Such approval would enable investors to access a product tracking Bitcoin‘s price without direct ownership, potentially attracting larger institutional investors.

Recent updates to registration forms by BlackRock and other potential spot Bitcoin ETF issuers for their proposed Bitcoin ETFs, including authorized participant names, have intensified speculation. Investors interpret these details as indications of an imminent decision from the SEC. Despite the optimism, industry experts anticipate the formal approval of these funds in January.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
Bitcoin

Spot Bitcoin ETF Issuers Will Be Notified In Preparation For The Launch Of ETFs Before Jan 10

Key Points:

  • SEC may notify spot Bitcoin ETF issuers by Wednesday before the Jan. 10 decision for Ark Investments and 21Shares.
  • Approval hints may come this week, but Fox Business suggests the SEC may announce filing dates following the Ethereum ETF approval timeline.
  • Twelve spot Bitcoin ETF issuers aim to launch ETFs, sparking market excitement, with industry experts anticipating approvals in January.
The U.S. Securities and Exchange Commission (SEC) is anticipated to inform spot Bitcoin ETF issuers of the fate of their applications by this Wednesday, preceding the Jan. 10 deadline for the decision on the Ark Investments and 21Shares proposal.
Spot Bitcoin ETF Issuers Will Be Notified In Preparation For The Launch Of ETFs Before Jan 10

Read more: In Which Countries Is Spot Bitcoin ETF Currently Approved?

CNBC reports that the SEC may grant approval notifications “as soon as this week” to spot Bitcoin ETF issuers. However, Fox Business correspondent Eleanor Terrett suggests that a green light for a spot Bitcoin ETF in early January is improbable.

Instead, she predicts the SEC will likely communicate the final Form S-1 filing date, akin to the schedule observed for Ethereum (ETH) futures ETFs last October, allowing applicants 24 to 48 hours to prepare for a potential Jan. 10 launch.

Approximately twelve asset managers are vying to introduce spot Bitcoin ETFs on exchanges such as Nasdaq, Cboe BZX, and NYSE Arca.

This development comes amidst heightened anticipation within the trading community regarding the potential approval of the first Bitcoin ETF in the U.S. Such approval would enable investors to access a product tracking Bitcoin‘s price without direct ownership, potentially attracting larger institutional investors.

Recent updates to registration forms by BlackRock and other potential spot Bitcoin ETF issuers for their proposed Bitcoin ETFs, including authorized participant names, have intensified speculation. Investors interpret these details as indications of an imminent decision from the SEC. Despite the optimism, industry experts anticipate the formal approval of these funds in January.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.