NEWSLETTER
In a significant step toward potential approval of spot bitcoin exchange-traded funds (ETFs) in the United States, applicants have cleared a critical hurdle, marking a crucial milestone in their quest for regulatory approval from the Securities and Exchange Commission. US Securities (SEC). .
As bitcoin–btc-etf-issuers-clear-major-hurdle-for-sec-approval”>reported According to Bloomberg, applicants seeking approval for the long-awaited bitcoin spot ETFs have successfully passed a critical stage in their regulatory journey. Sources close to the matter revealed that the applicants addressed and resolved key concerns raised by the SEC, indicating progress in resolving regulatory queries central to the approval process.
“Securities and Exchange Commission staff told several exchanges and issuers seeking to list ETFs that they should file a final version of a key document as soon as Friday, according to four people familiar with the matter who asked not to be identified because The discussions are private,” Bloomberg reported. “After the latest modifications, employees did not receive more information about the procedures of various companies,” two of the people said.
Clearing this significant hurdle indicates that applicants have finished addressing regulatory concerns and aligning their proposals with SEC guidance. The successful resolution of these issues bodes well for the prospects of spot bitcoin ETFs, and could pave the way for their introduction into traditional financial markets.
Applicants are apparently getting closer to obtaining SEC approval, which could mark a major milestone in integrating bitcoin into mainstream investment avenues through regulated ETFs. The ARK 21Shares Spot bitcoin ETF application deadline is January 10, leaving the SEC just a few more days to approve or reject the funds.
