In a historic move, the US Securities and Exchange Commission (SEC) will be the first to give their approval and immediately declare effective the S-1 filings and 19b-4 amendments to previously filed petitions. The eleven prominent applicant companies include industry giants such as BlackRock, Valkyrie, Grayscale, Bitwise, Hashdex, ARK 21Shares, Invesco Galaxy, Fidelity, Franklin Templeton, VanEck, and WisdomTree.
Once the applications receive approval, Bitcoin ETFs will enter the market the very next day.
Recent reports have also revealed that SEC lawyers from the Division of Trading and Markets held meetings with representatives from major exchanges including the New York Stock Exchange (NYSE), Nasdaq, and the Chicago Board Options Exchange (CBOE). All three exchanges are preparing to trade Bitcoin ETF shares. During these meetings, representatives of the US regulatory agency examine the documents submitted by exchanges on behalf of issuers awaiting SEC approval.
Excitingly, analysts at Standard Chartered have already predicted that if a Bitcoin ETF is approved in the United States, the leading cryptocurrency could experience unprecedented growth, surging to $200,000 by 2025.