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Next Week Crucial for Spot Bitcoin ETFs as SEC Decision Looms

Published 01/06/2024, 02:31 PM
Updated 01/06/2024, 02:45 PM
© Reuters Next Week Crucial for Spot Bitcoin ETFs as SEC Decision Looms

  • Imminent SEC decision on spot Bitcoin ETFs could enable trading next week, marking a significant event in crypto finance.

  • Grayscale and top firms finalize submissions for Bitcoin ETFs, anticipating the SEC’s crucial approval for market entry.

  • Spot Bitcoin ETFs at a turning point with pending SEC review, signaling a notable shift in the cryptocurrency investment landscape.

The financial world is on the cusp of a significant development as prospective issuers of spot Bitcoin Exchange-Traded Funds (ETFs) gear up for a potential launch as early as next week. The pending approval from the Securities and Exchange Commission (SEC) marks a pivotal moment in integrating cryptocurrency into mainstream financial markets.

According to a post on X by Nate Geraci, Grayscale Investments will submit an amended form 19b-4 in the next three working days. This move is essential, as their previous paperwork now requires updating. This vital filing will appear initially on the NYSE website’s rulemaking section.

For these spot bitcoin ETFs to commence trading, the SEC must approve each fund’s outstanding 19b-4 forms. These approvals are likely to be first visible on the SEC’s w…

The post Next Week Crucial for Spot Bitcoin ETFs as SEC Decision Looms appeared first on Coin Edition.

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