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Major US Exchanges Post Bitcoin ETF Applications in Anticipation of SEC Approval

Big U.S. crypto exchanges gear up for the nearing decision on Bitcoin ETFs, confident of the approval

Major U.S. exchanges, including BlackRock, Grayscale, and Fidelity, have recently filed their final Bitcoin ETF applications. A crucial juncture in the realm of cryptocurrency investment, strongly indicates that the Securities and Exchange Commission (SEC) may soon greenlight the first U.S. spot bitcoin exchange-traded funds (ETFs). The anticipation builds as these filings suggest imminent SEC approval, marking a pivotal moment for investors and the cryptocurrency market alike.

Amendments to the 19b-4 filings, as revealed in these submissions, respond to earlier feedback from the SEC. The collaborative effort from these financial giants showcases their readiness for the ETF launch, with over a dozen applicants eagerly awaiting the SEC's decision.

Anticipation grows amongst key issuers for SEC’s approval

Recent developments have further fueled optimism in the cryptocurrency sector. Individuals from two different issuers, expressed their companies' anticipation of receiving SEC approvals as early as next week. While these amendments do not guarantee approval, the positive outlook amongst these industry leaders is palpable. This sentiment is echoed by Grayscale spokeswoman Jenn Rosenthal, who emphasized their readiness to transition their bitcoin trust into a spot bitcoin ETF, pending regulatory green lights.

Jenn Rosenthal:

“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.”

Bloomberg reported on the SEC commissioners' expected vote on the exchange-rule filings next week, a crucial step before the launch of the ETFs. The regulator's final decision, particularly for Ark 21 Shares, is eagerly awaited, with a deadline set for Jan. 10. The outcome of this decision could be a watershed moment for the U.S. cryptocurrency market, potentially allowing multiple issuers to launch their spot bitcoin ETFs simultaneously.

A Critical Moment for Cryptocurrency Investment Awaits

The journey towards launching U.S. spot bitcoin ETFs reaches a crucial phase as the SEC approaches its final decision deadline. The regulatory agency's approval of both the 19b-4 and S-1 filings is essential for the ETFs' launch, a step that could redefine the landscape of cryptocurrency investments in the United States. As the January 10 deadline for Ark 21 Shares approaches, the cryptocurrency community watches with bated breath, anticipating a decision that could set a precedent for future cryptocurrency-based investment products.