The U.S. Securities Exchange (SEC) has begun accepting applications from exchanges for listing approval of the Spot Bitcoin (BTC) exchange-traded fund.
On January 5th, the 19b-4 amendment was made. It has been submitted For spot BTC ETF applications from asset managers BlackRock, Valkyrie, Grayscale, Bitwise, Hashdex, ARK 21Shares, and Invesco Galaxy. While this filing is one of the final steps in the SEC's approval process, S-1 documents must be completed before U.S. exchanges can begin listing shares of investment securities with direct exposure to cryptocurrencies. .
Some experts have speculated that final approval for the Spot Bitcoin ETF could come before the January 10 deadline for the offering by ARK Invest and 21Shares. Potential approval could mean increased adoption of cryptocurrencies in the U.S. and around the world.
The first 19b-4 amendment was filed. Let's go. https://t.co/dz01aborw7
— James Seyffert (@JSeyff) January 5, 2024
This is a developing story and more information will be added as it becomes available.
