Following this development, Bitcoin reversed losses and was trading at $45,026 in New York, up 1.7%.

For spot Bitcoin ETF trading, 2 technical requirements must be completed. First, changes need to be made to the requested Form 19b-4. Some of the updated filings, including for ETFs from BlackRock Inc., Grayscale Investments and others, were released Friday night. Second, the Securities and Exchange Commission must approve Form S-1. If approved at the same time, the ETF can begin trading on the next business day.

According to Bloomberg News, the Securities and Exchange Commission is expected to vote on the 19b-4 filing in the coming days.

SEC representative on the issue#GatePost Highlights# $BTC