Several investment management companies, including BlackRock, Grayscale, Fidelity, VanEck, Valkyrie, Hashdex, Franklin Templeton, Bitwise, Wisdomtree, ARK Invest, 21Shares, Invesco and Galaxy, have recently filed updated Form 19b-4 filings with the US Securities and Exchange Commission (SEC).
These updates mark significant progress towards the launch of spot Bitcoin exchange-traded funds (ETFs).
Bloomberg stock analyst James Seyffart noted that these amendments bring the issuers closer to the final approval from the SEC.
Based on insider sources, Bloomberg reported that the final S-1 filings will take effect on the morning of Monday, January 8.
According to Eric Balchunas, another Bloomberg stock analyst, the SEC is pushing for a launch of the ETFs by January 11. Reuters reported that the SEC expects only minor changes in the applications by the morning of January 8.
According to sources within the agency, a decision on the approval of the tool could be made on Wednesday, January 10.
