Asset managers Grayscale Investments and VanEck have filed notices with the United States Securities and Exchange Commission (SEC) to register shares of a spot Bitcoin exchange-traded fund (ETF) on stock exchanges. This follows a similar registration from the Fidelity Wise Origin Bitcoin Fund. The SEC is expected to make a decision on these ETF applications soon, with speculation that multiple listings could be approved ahead of a January 10 deadline. However, the recent filings do not guarantee approval from the SEC.
The SEC has never approved a spot Bitcoin ETF for listing and trading on U.S.-based exchanges. Several asset managers, including BlackRock, Bitwise, Fidelity, Valkyrie, WisdomTree, and Invesco Galaxy, have also submitted applications for spot Bitcoin and Ether ETFs with the SEC. While U.S. crypto traders have had access to investment vehicles tied to Bitcoin futures since 2021, Canadian regulators approved a spot Bitcoin ETF from Purpose Investments in the same year.
It remains to be seen whether the SEC will approve the registration of these spot Bitcoin ETFs, but the filings indicate a step forward in the process. Analysts suggest that investors should look out for approvals accompanied by a 19B-4 Form and completed S-1 document. Grayscale’s chief legal officer and CEO have posted ambiguous messages on social media, adding to speculation about an imminent decision from the SEC.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇺🇸 |
| Sentiment | neutral |
| Relevance Score | 1 |
| People | Michael Sonnenshein, Craig Salm |
| Companies | Purpose Investments, Cboe BZX Exchange, United States Securities and Exchange Commission (SEC), Grayscale Investments, VanEck, Bitwise, ProShares, Invesco Galaxy, BlackRock, New York Stock Exchange Arca, WisdomTree, Fidelity Wise Origin Bitcoin Fund, ARK Invest, 21Shares, Bloomberg, Valkyrie |
| Currencies | Ethereum, Bitcoin |
| Securities | None |
