As the U.S. Securities and Exchange Commission (SEC) inches closer to the spot Bitcoin ETF deadline, they recently published updated notices regarding 19b-4 filings, signaling significant advancements in the process.
The SEC's national securities exchange page revealed updates to eight 19b-4 filings, primarily focused on proposed rule changes for listing and trading ETFs.
Six filings pertain to proposed rule changes by Cboe BZX, aiming to list and trade ETFs from notable entities like WisdomTree, VanEck, Ark Invest, Franklin Templeton, Fidelity, and Invesco Galaxy.
Additional filings include proposals from NASDAQ for Valkyrie’s Bitcoin ETF and NYSE Arca for Hashdex’s ETF.
Approximately a dozen applicants are vying for a spot Bitcoin ETF, indicating the possibility of further amendments in the future.
The latest amendments address previous concerns, focusing on market size, surveillance-sharing agreements, and strategies to prevent market manipulation.
Exchanges submitted these amendments to the SEC on Friday, Jan. 5, aligning with earlier reports indicating potential approvals around Wednesday, Jan. 10.
In addition to 19b-4 filings, several applicants submitted amended registration statements (S-1/A and 8-A12B forms) on Jan. 8.
Notably, BlackRock's updated S-1 highlights the uncertainty surrounding immediate in-kind creations and redemptions, pivotal for specific ETF transactions involving Bitcoin.
These latest registration statements from various firms also disclose fee structures and seed funding details, offering a more comprehensive view of their proposed ETFs.
Overall, the ongoing submissions underscore the significance and anticipation surrounding the potential approval of a spot Bitcoin ETF by the SEC.
Golden Finance launches the 2238th issue of the cryptocurrency and blockchain industry morning report "Golden Morning 8:00" to provide you with the latest and fastest digital currency and blockchain industry news.
JinseFinanceAmid the Bitcoin ETF approval chaos, the SEC faces scrutiny over the mysteriously deleted approval tweet and alleged cybersecurity breach. Critics argue for a thorough investigation into the SEC's handling, emphasizing the need for clarity in its regulatory mandate. The ongoing battle among financial institutions to lower fees for spot Bitcoin ETFs adds another layer of competition to the unfolding situation.
SanyaAs Valkyrie anticipates SEC approval for Bitcoin ETFs, the market eagerly awaits a potential influx of funds. Despite challenges and fee wars, Valkyrie remains committed to the long-term success of its ETF, reflecting the enduring allure of Bitcoin.
BerniceFormer SEC Chair Jay Clayton predicts imminent approval of the first Bitcoin ETF in the U.S., highlighting market and infrastructure improvements.
Cheng YuanCboe BZX Exchange greenlights Fidelity's Bitcoin ETF registration, advancing it towards SEC approval. The step follows an SEC filing; however, it doesn't assure final consent, drawing cautious industry optimism.
Huang BoBig Wall Street money managers are increasingly confident that the U.S. Securities and Exchange Commission will make cryptocurrency history by approving the first “spot” Bitcoin exchange-traded fund in early January.
JinseFinancePando Asset AG's recent filing for a spot Bitcoin ETF signals a strategic move in the competitive crypto landscape. The timing aligns with heightened anticipation of SEC approval, as Bitcoin experiences a notable rally. Pando's entry, alongside major players, underscores the evolving dynamics of the crypto market, presenting opportunities amid regulatory and economic uncertainties.
Bernice
BitcoinworldBlackRock, the world's largest asset manager, appoints Dennis Quah as Singapore Wealth head to strengthen its presence in Asia.
BeincryptoRumors of the imminent approval of a Bitcoin ETF are boosting sentiment and prices across the market, but caution is warranted as this could turn into a "buy the rumour, sell the news" event.
Cointelegraph
