The United States Securities and Exchange (SEC) has taken a significant step towards the approval of a spot Bitcoin exchange-traded fund (ETF). The regulatory body has started accepting filings from exchanges, marking a crucial phase in the approval process.
On January 5, the Nasdaq Stock Market submitted 19b-4 amendments for spot Bitcoin ETF applications. These applications came from asset managers BlackRock and Valkyrie, and more are anticipated. These filings represent one of the final stages in the SEC approval process. However, the completion of S-1 documents is still required for U.S. exchanges to start listing shares of investment securities with direct exposure to cryptocurrency.
There is speculation among experts that the final approval for the spot Bitcoin ETFs will be granted before January 10. This date is significant as it is the deadline for an offering from ARK Invest and 21Shares. If approved, this could lead to a wider adoption of cryptocurrency in the U.S. and globally.
This is an ongoing story, and more information will be provided as it becomes available.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇺🇸 |
| Sentiment | neutral |
| Relevance Score | 1 |
| People | None |
| Companies | ARK Invest, 21Shares, Nasdaq Stock Market, United States Securities and Exchange, Valkyrie, BlackRock |
| Currencies | Bitcoin |
| Securities | None |
