The SEC has filed a 19b-4 amendment to seek approval of the Bitcoin ETF
The United States Securities and Exchange Commission (SEC) has begun accepting documents from exchanges to sign for approval to list bitcoin (BTC) exchange-traded funds.
On January 5, 19b-4 updates to spot BTC ETF applications from asset managers BlackRock, Valkyrie, Grayscale, Bitwise, Hashdex, ARK 21Shares, Invesco Galaxy, Fidelity, Franklin Templeton and Wisdom Tree. The filings are one of the final steps in the SEC's approval process, but S-1 filings must be completed before U.S. exchanges can begin listing shares of investment securities with direct exposure to crypto.
Some experts predict that final approval for the position will fall before January 10 – from ARK Invest and 21Shares. A possible approval could mean crypto adoption in the US and globally.
The first 19b-4 amendment application is available! here we go. https://t.co/dz01aborw7
— James Seyff (@JSeyff) January 5, 2024
This is a developing story, and more information will be added as it becomes available.
