Bitcoin Archive tweeted that the U.S. Securities and Exchange Commission officially approved Bitwise's Bitcoin ETF application. According to ETF analyst James Seyffart, this officially opened the U.S. SEC's review process.
According to previous reports, Bloomberg ETF analyst James Seyffart shared a picture on Twitter, listing the key time nodes of the review process for Bitcoin spot ETFs that have submitted 19b-4 applications. The next deadline for the SEC to make a decision on the Bitwise Bitcoin ETP Trust application is September 1, 2023, and the final deadline is March 14, 2024.