The issuers that don’t meet the Dec. 29 deadline will not be part of the first wave of potential spot Bitcoin ETF approvals in early January.
Applicants for a spot Bitcoin (BTC) exchange-traded fund (ETF) have only a few days to finalize their filings to meet a looming deadline set by the United States Securities and Exchange Commission.
The SEC has set a deadline for spot Bitcoin ETF applicants to file final S-1 amendments by Dec. 29, Reuters reported, citing public memos and two people familiar with the discussions.
According to the report, the SEC officials met on Dec. 21 with representatives of at least seven firms hoping to launch spot Bitcoin ETFs in early 2024. Some of the attendees at those meetings included representatives from BlackRock, Grayscale Investments, ARK Invest and 21 Shares.
