Final amendments from asset managers seeking regulatory approval for a spot Bitcoin ETF are due on Jan. 8. Analysts expect trading to begin on Jan. 11.
The final steps for a spot Bitcoin exchange-traded fund (ETF) debut on Wall Street are in progress, with final revisions from asset managers expected by the morning of Jan. 8, according to Bloomberg analyst Eric Balchunas.
The revisions should be submitted through S-1 filings no later than 8:00 a.m. Eastern Time, or 13:00 UTC, and should reveal applicants remaining fees and tickers. BlackRock, for example, has not yet disclosed the fees associated with its ETF.
Exchanges set to trade the crypto funds submitted their 19-b forms after markets closed on Jan. 5. Together, 19-b and S-1 forms are the last steps before a verdict from the United States Securities and Exchange Commission (SEC), the analyst explained to Cointelegraph.
Read more
Source: https://cointelegraph.com/news/what-next-steps-for-bitcoin-etf-sec