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Spot Bitcoin ETFs on the Brink of Approval: Grayscale, Fidelity, Ark, Valkyrie Submit Key SEC Forms

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As anticipation builds for the U.S. Securities and Exchange Commission (SEC) to approve the first Spot Bitcoin ETF during the critical window of January 8th to 10th, signs point to the final steps being underway. Leading issuers like Fidelity, Grayscale, Ark Invest/21 Shares, Valkyrie, and VanEck have submitted the Form 8-A for security registration with the SEC. Bitwise took the lead by submitting its Form 8-A last Friday.

https://twitter.com/JSeyff/status/1742642354354561495

Further reading:Grayscale’s Third SEC Filing Update Lacks Key Details, Could Delay Spot ETF Transformation, Says Bloomberg Analyst

The submission of Form 8-A, necessary for ETFs to list their products as securities on exchanges, marks a significant step forward. However, Bloomberg ETF analyst James Seyffart cautions that this submission is for registration purposes and does not imply SEC approval. The ETFs still require approval of Form 19b-4, addressing rule changes for trading, and a complete, approved S-1 filing.

https://twitter.com/JSeyff/status/1742640909873770534

James Seyffart expects potential SEC approval next week, while fellow Bloomberg analyst Eric Balchunas reveals that the SEC is providing final feedback on Spot Bitcoin ETFs, with issuers soon to submit final 19b-4 and S-1 forms. He stresses that, while close to "completion," official approval is yet to be announced.

https://twitter.com/EricBalchunas/status/1742989633561190454

The Block's sources suggest the SEC is resolving outstanding issues in communication with applicants, including the creation/redemption mechanism, Authorized Participants, and handling Bitcoin forks.

Further reading:TD Cowen Predicts SEC Approval of Spot Bitcoin ETF: A Strategic Move to Avoid Litigation and Strengthen Regulatory Control

Fox News reports insider claims that the SEC might approve a Spot Bitcoin ETF as soon as this Friday, with trading commencing next week. Seyffart, however, expects no approval on January 5th, looking towards January 8th to 10th instead.

https://twitter.com/JSeyff/status/1743050302050210187

Click here to register with DigiFinex and enjoy cryptocurrency trading.

Keywords: Spot Bitcoin ETF, SEC, Grayscale, Fidelity, Ark Invest, Valkyrie, VanEck, Form 8-A, Form 19b-4, S-1 Filing, James Seyffart, Eric Balchunas, The Block, Fox News

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