#cryptocurrencies! are awaiting an important and long-awaited decision... and the market is falling ahead of the imminent transformation.
_This week contains a series of important watershed dates in the future of #cryptocurrencies , as it is the culmination of a years-long campaign to launch Bitcoin-backed exchange-traded funds in the United States. Bitcoin ETF issuers have been given a deadline of Monday morning in Washington to submit any reviews on their pending orders. The US Securities and Exchange Commission has until January 10 to take action on at least one of these requests, with those familiar with the matter speculating that the regulator will use this date to announce a large number of decisions at once, according to Bloomberg.
Meanwhile, there are two technical requirements that must be met before Bitcoin ETFs can be approved. First, the SEC must sign off on so-called 19b-4 filings by exchanges that would list ETFs. Second, the regulator must approve the relevant S-1 forms, which are registration applications from potential issuers — which include #BlackRockInCrypto and Fidelity. The SEC plans to vote on the exchanges' filings, 19b-4s, in the coming days, Bloomberg News reported. The regulator may or may not take action on issuers' applications, S-1s, at around the same time. If the SEC grants both groups the required approvals, the ETFs could begin trading the next business day
Impact of #ETFs.Bitcoin.backers say ETFs backed by the cryptocurrency's largest token will mark a watershed moment for the digital asset.
$BTC $ETH $BNB
#follow To see more breaking news 🔥🚀💯