Major U.S. Exchanges Publish Crucial Final Application Filings For Bitcoin ETF

Their release implies a confidence in the SEC’s imminent approval of the inaugural U.S. spot bitcoin ETFs.

U.S. spot bitcoin exchange-traded funds (ETFs) seem poised for launch as exchanges, in anticipation of U.S. Securities and Exchange Commission approval, have filed revised documents.

The latest 19b-4 filings from BlackRock, Grayscale, Fidelity, and other issuers, following last month’s amended S-1 filings, address SEC feedback. Over a dozen applicants aim to debut the inaugural spot bitcoin ETFs, potentially gaining simultaneous approval for multiple issuers.

Representatives from two distinct issuers informed CoinDesk on Thursday of their companies’ expectations for approvals by next week.

While filing the amendments, one person informed CoinDesk that it doesn’t assure approvals but expressed optimism.

Ark 21 Shares’ application faces a final SEC action deadline on Jan. 10, hinting that the regulator might greenlight all satisfactory applications by then.

Grayscale spokesperson Jenn Rosenthal stated, “This filing marks a significant move towards elevating GBTC to a spot bitcoin ETF.” Referring to their bitcoin trust, Rosenthal highlighted, “At Grayscale, we’re in ongoing collaboration with the SEC and poised to operate GBTC as an ETF upon regulatory clearance.”

Bloomberg reported earlier on Friday that the SEC commissioners are anticipated to vote on the exchange-rule filings in the upcoming week.

Before the ETFs can be launched, the regulatory agency must greenlight both the 19b-4 filings and the S-1 filings.

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