These actions will precede the approval of spot Bitcoin ETFs

Crypto investors and asset managers are eagerly awaiting news of the Securities and Exchange Commission's decision following a dozen applications for a spot Bitcoin ETF. It is believed that the agreement will increase the value of the cryptocurrency sector by billions of dollars, and as early as next week.

The deadline for a number of applications is set for January 10, by which date the SEC must announce its position to Cathie Wood's ARK Investment and 21Shares. We note that last week ended on an upbeat note as stock exchanges rushed to file new Forms 19b-4 for each proposed fund.

Now the crypto community and beyond are closely monitoring new information on the SEC website, where it will appear the fastest. Until then, Forms 19b-4 will need to be approved, then Forms S-1 will need to become “effective.”

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