The United States Securities and Exchange Commission (SEC) has revealed a crucial date for the process of approving Bitcoin Spot Exchange-Traded Funds (ETFs) for applicants which are anticipated to launch in January 2024.
Deadline For Bitcoin Spot ETF Applicants
Eleanor Terrett, a Fox Business journalist and producer recently took to X (formerly Twitter) to share the date on the Bitcoin Spot ETF approval process provided by the US regulator, which is December 29, 2023.
However, the deadline given by the US regulator is for all the S-1 Bitcoin Spot ETFs. Terrett also highlighted a first-wave process of approval by the regulatory watchdog.
It has now been disclosed by the SEC that the first wave of possible spot Bitcoin ETF issuers will only include companies that can successfully file their final S-1 amendment forms by the approaching deadline. Thus, an applicant will not be considered for the first wave if they fail to meet this deadline.
The Fox Business journalist also pointed out
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