The SEC's October Deadline for Spot Bitcoin ETFs is Approaching, creating significant buzz in the cryptocurrency market. The coming weeks are crucial as the United States Securities and Exchange Commission (SEC) nears critical decision points on numerous spot Bitcoin exchange-traded fund (ETF) applications.
Keep a close watch! The deadline for BlackRock, Bitwise, Wisdom Tree, Invesco Galaxy, Fidelity, Hashdex, VanEck, and Valkyrie applications is rapidly approaching, with the second deadline for the highlighted firms falling between October 7 and October 17. The new deadline for Bitwise's application is October, while it's October 17 for BlackRock, Fidelity, VanEck, and Invesco Galaxy.
This flurry of activity follows the rush of thirteen applicants, including major financial firms like Invesco Galaxy, Bitwise, WisdomTree, and Fidelity, who submitted their revised S-1 filings to the SEC by the Dec. 29 deadline. This indicates a growing interest in offering investors exposure to Bitcoin through regulated ETF products.
Meanwhile, October 13 marks the closing window for the United States Securities and Exchange Commission (SEC) to file an appeal regarding the Grayscale bitcoin spot ETF ruling issued by the US District of Columbia Circuit. This ruling has further fueled anticipation for the potential approval of spot Bitcoin ETFs.
It's important to remember that the United States Securities and Exchange Commission (SEC) has once again deferred its decisions regarding multiple proposals for spot Bitcoin exchange-traded funds (ETFs) from leading financial institutions, including BlackRock. According to SEC filings dated Aug. 31, the commission has designated a longer period in which it may review spot Bitcoin (BTC) ETF applications from WisdomTree, VanEck, Invesco Galaxy.
The US Securities and Exchange Commission (SEC) has delayed decisions on seven spot Bitcoin ETF applications. Stay updated as the SEC faces increasing pressure to provide clarity on the future of spot Bitcoin ETFs.
Adding a positive note, the U.S. securities regulator has granted accelerated approval to the New York Stock Exchange to list and trade options tied to three spot bitcoin exchange-traded funds.