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According to Reuters, citing public memos and information from two sources, the U.S. Securities and Exchange Commission (SEC) has set a final deadline of December 29 for applicants of the spot Bitcoin ETF to submit their final S-1 amendments.
Reportedly, SEC officials met representatives from at least seven companies aiming to launch spot Bitcoin ETFs in early 2024 on December 21. Some of the attendees at these meetings included representatives from BlackRock, Grayscale Investments, ARK Invest, and 21Shares.
It is mentioned that representatives from exchanges, potentially listing the new products, were also present, including Nasdaq and the Chicago Options Exchange, along with lawyers and issuers.
Regulators reportedly informed participants that any issuer who does not complete the S-1 amendment by the deadline of December 29 will not be considered for the first potential approvals of Bitcoin ETFs in early January.
Fox Business News reporter Eleanor Terrett was one of the first to report on the deadline. Terrett later confirmed the date for the final revision of all S-1 filings by December 29.
"The SEC has told issuers that applications fully completed and submitted by Friday will be considered in the first wave," the reporter wrote on X (formerly Twitter).
As previously reported, several applicants for spot Bitcoin ETFs have been eager to update their S-1 filings with a cash redemption mechanism, replacing in-kind redemption, which involves non-currency payments such as Bitcoin. |
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Post time 28-12-2023 15:44:23