As the week draws to a close, 11 spot Bitcoin ETF applicants have submitted 19b-4 amendment forms, with the deadline for the U.S. SEC to approve or deny the product just days away.
The United States Securities and Exchange Commission has begun accepting filings by exchanges in a sign toward approval of listing a spot Bitcoin (BTC) exchange-traded fund (ETF).
On Jan. 5, 19b-4 amendments were filed for spot BTC ETF applications from asset managers BlackRock, Valkyrie, Grayscale, Bitwise, Hashdex, ARK 21Shares, Invesco Galaxy, Fidelity, Franklin Templeton, VanEck and WisdomTree.
The filings are one of the last stages in the SEC approval process, but S-1 documents must be completed in order for U.S. exchanges to begin listing shares of investment securities with direct exposure to crypto.
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Source: https://cointelegraph.com/news/sec-closer-spot-bitcoin-etf-approval