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Crypto NewsBitcoinBREAKING: A Significant Hurdle Has Been Overcome on the Way to
Bitcoin...
BitcoinNews


BREAKING: A SIGNIFICANT HURDLE HAS BEEN OVERCOME ON THE WAY TO BITCOIN SPOT ETF,
ACCORDING TO BLOOMBERG



Author: Mete Demiralp
05.01.2024 - 20:59
Update: 4 days ago
Follow
0


According to Bloomberg, companies applying for Bitcoin Spot ETFs have overcome a
major hurdle in receiving approval from the US Securities and Exchange
Commission (SEC).

The SEC is expected to vote on exchange rule applications next week.




The SEC's decision could potentially open the doors for a new wave of investment
in Bitcoin.

ETFs, which allow investors to invest in a fund that tracks the price of Bitcoin
rather than the cryptocurrency itself, are seen as an important step towards
mainstream adoption of cryptocurrencies.



While the SEC has previously rejected several applications for Bitcoin ETFs,
citing concerns about potential price manipulation and lack of liquidity,
removing this key hurdle would mark a change in regulatory attitude.

In the news we recently shared as Bitcoinsistemi.com, we reported that BlackRock
kept $2 billion aside to support its own spot ETF.


Related News  VanEck Head of Digital Assets Research Makes $2 Billion Worth
BlackRock Spot Bitcoin ETF Claim

U.S. Securities and Exchange Commission (SEC) staff told several exchanges and
issuers seeking to list ETFs that they must submit the final version of an
important document by Friday, according to four sources familiar with the matter
who asked not to be named because the discussions are private.

SEC staff did not provide additional feedback on many firms' filings after the
latest changes, two of these sources said.



ETF approvals can generally be delegated to SEC staff without requiring a vote
from commissioners. It is unclear whether SEC staff has additional feedback for
all firms' 19b-4 filings.

The SEC also needs to approve the final versions of applicants' S-1 filings, the
prospectus documents for their ETFs. SEC approval of forms 19b-4 and S-1 may or
may not occur simultaneously, but typically S-1s are approved after 19b-4s.

*This is not investment advice.


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CRYPTO JOURNALISTS SPEAK AFTER SEC HACK AND FAKE BITCOIN SPOT ETF NEWS: WHAT’S
HAPPENING?


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BREAKING: ELON MUSK GETS INVOLVED IN FAKE BITCOIN SPOT ETF DRAMA – HE TWEETED
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