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The final deadline for a series of high-risk events related to Bitcoin is approaching, marking the culmination of years of efforts to launch a Bitcoin spot exchange-traded fund (ETF) in the United States.
According to reports obtained by the Wise Finance app, companies intending to issue Bitcoin ETFs must submit their final modifications to their applications in Washington by Monday morning. The U.S. Securities and Exchange Commission (SEC) is expected to take action on at least one of these applications by January 10, with speculation within the cryptocurrency industry suggesting that the regulatory agency may announce a series of decisions on the same day.
Before a Bitcoin ETF can begin trading, two technical requirements must be met. First, the SEC must sign the 19b-4 document submitted by the ETF for listing on the exchange. Second, the regulatory agency must approve the relevant S-1 form, which is the registration application for potential issuers, including institutions such as BlackRock and Fidelity.
It is reported that the SEC plans to vote on the 19b-4 documents submitted by exchanges in the coming days. The regulatory agency may or may not take action on the issuer's application (S-1) at the same time. If the SEC approves both sets of necessary approvals, the ETF could start trading as early as the next trading day. |
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Post time 14-1-2024 19:19:00