According to CoinDesk, the U.S. SEC began reviewing this week whether to approve or reject the listing applications of six Bitcoin spot ETFs, including BlackRock.
Although the SEC released a document seeking public consultation last week, the review will not be officially launched until it is published in the Federal Register. The review period was initially set at 45 days, but can be extended to 240 days. Although there is no guarantee that the SEC will approve any application, the crypto community speculates that BlackRock's application is more likely to be approved.
Bitwise's Bitcoin ETP Trust application was published in the Federal Register on Tuesday. BlackRock iShares Bitcoin Trust, Fidelity Wise Origin Bitcoin Trust, WisdomTree Bitcoin Trust, VanEck Bitcoin Strategy ETF, and Invesco Galaxy Bitcoin ETF will be published in the Federal Register on Wednesday. ARK 21Shares Bitcoin ETF was published in the Federal Register on May 15, and the SEC extended the review deadline in June.
Valkyrie’s bitcoin spot ETF has not yet been published in the Federal Register, but its application was formally accepted by the SEC on Monday, a Valkyrie spokesperson said.