Final Bitcoin ETF Application Filings Get Posted by Major U.S. Exchanges

Major U.S. exchanges have posted the final filings for Bitcoin exchange-traded funds (ETFs), indicating that they are nearing their launch. The amended filings were submitted by BlackRock, Grayscale, Fidelity, and other issuers in response to feedback from the U.S. Securities and Exchange Commission (SEC). With over a dozen applicants looking to launch the first spot Bitcoin ETFs in the U.S., it is expected that multiple issuers will be approved simultaneously. Two individuals from different issuers have expressed optimism and anticipate approvals next week. While filing the amendments does not guarantee approvals, the final deadline for SEC action on at least one application is January 10, suggesting that the regulator may grant approval for all suitable applications by that date. Grayscale’s spokeswoman, Jenn Rosenthal, stated that their filing is an important step towards turning their Bitcoin trust into an ETF. Bloomberg reported that the SEC’s commissioners are expected to vote on the exchange-rule filings next week. Both the 19b-4 filings and the S-1 filings must be approved by the regulatory agency before the ETFs can launch.