The countdown begins for a historic decision from the US Securities Exchange Commission...the
#Bitcoin.Rally _
#Stock.exchanges , investment management firms, and the U.S. Securities and Exchange Commission (SEC) have been engaged in discussions regarding final wording changes regarding applications for the
#Spot.Bitcoin ETF. According to a report by Reuters, sources familiar with the matter suggest that this development could pave the way for US approval of Bitcoin ETFs as early as next week.
#Bitcoin.ETF Approval History During these discussions, issuers consulted with SEC officials regarding S-1 prospectus documents. It is mandatory for Spot Bitcoin ETF approval. Representatives of five companies, including executives, revealed. Who chose to remain anonymous due to ongoing confidentiality. Many issuers expect to receive final approval for their S-1 filings by late Tuesday or Wednesday.
The Securities and Exchange Commission has requested some amendments to the filings. Which were classified as âminorâ changes in three issues. However, the agency did not provide comments on the individual filings. According to a spokesperson. Some asset managers are expected to adjust their filings by 8am EST on Monday, January 8. These edits will reveal details such as fees or names of market makers for Bitcoin ETFs. Furthermore, information can be made available to the public on the same day as the sources indicate. Recently, regulators collaborated with trading platforms to finalize 19b-4 filings. Which outlines the rule changes needed for SEC approval to launch Bitcoin ETFs. On Friday, trading platforms provided revisions to 11 of these filings. Those familiar with the process point out that issuers that meet year-end filing review deadlines may get approval for... Launching by January 10th. It is the critical date for the SEC's decision on the Ark 21Shares ETF, which comes in first place.
$BTC $ETH #follow To see more breaking news đ°â
đ