All exchanges and firms who are applying for Spot Bitcoin ETFs with the SEC have submitted their final 19b-4 amendments. The form releases show that these applicants are optimistic that the SEC will in fact approve their Bitcoin ETF applications.
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Following review of S1 and other documents, the SEC said earlier Friday that it has nothing left to review from the applicants. In fact, the commission asked that these exchanges share any final documents and their 19b-4 amendments in order for the SEC to begin the voting process, likely next week.
The amended 19b-4 filings, filed on behalf of BlackRock, Grayscale, Fidelityand other issuers, join last month’s amended S-1 filings. These forms address feedback from the U.S. Securities and Exchange Commission that was given in meetings with these issuers held over the last few months.
SEC to Approve Spot Bitcoin ETFs Next Week?
The final deadline for SEC action for at least one application, by Ark 21 Shares, is Jan. 1. Hence, by this date the SEC may decide to approve not just Ark 21 shares, but multiple other Bitcoin ETF applications on this date. If the decision comes to hit multiple birds with one stone, over a dozen issuers may be able to launch their Spot Bitcoin ETFs very soon.
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This filing “is another important step towards uplisting GBTC as a spot bitcoin ETF,” Grayscale spokeswoman Jenn Rosenthal says in a statement, referring to the company’s bitcoin trust that it wants to turn into an ETF. “At Grayscale, we continue to work collaboratively with the SEC, and we remain ready to operate GBTC as an ETF upon receipt of regulatory approvals.”
The SEC must approve both the 19b-4 filings and the S-1 filings before the ETFs can launch.