Odaily Planet Daily News Bloomberg analyst James Seyffart posted on the out.
Seyffart said that it usually takes about a week from the submission of 19b-4 to the SEC's acceptance of the application, but the SEC's rapid acceptance of the application this time may be based on concerns about the U.S. government shutdown.
It was reported yesterday that Franklin Templeton submitted a 19b-4 document to apply for a Bitcoin ETF. After receiving the document, the U.S. SEC will initiate an official review process for the ETF.