$71,273.49
+6.9%
$3,685.54
+19.39%
$87.65
+5.17%
$30.91
+6.6%
$136.66
+1.78%
$0.00
+31.68%
$31.79
+13.67%
$0.16
+8.39%
$24.83
+6.16%
$0.00
+3.65%

Exchanges start to take next step toward potential approval of spot bitcoin ETFs


Published 1 minute earlier on

The Cboe BZX exchange sent letters to the Securities and Exchange Commission on Wednesday, requesting “acceleration of registration” for proposed spot bitcoin ETFs including the Invesco Galaxy Bitcoin ETF, Fidelity Wise Origin Bitcoin Fund, VanEck Bitcoin Trust, Franklin Bitcoin ETF and the ARK 21Shares Bitcoin ETF.

“In order to facilitate timely listing, the Exchange requests acceleration of registration of these securities under Rule 12d1-2 of the Securities Exchange Act of 1934, as amended,” one of the letters stated.

The the SEC has not yet approved the funds, but it’s the latest step in the process that shows the end game could be near. The crypto market has widely been expecting the regulator to approve the dozen of proposed funds today.

“This is essentially a request to list tomorrow,” Bloomberg Intelligence analyst James Seyffart said in post on X. “Was expecting this after close today. So this is early, but still expected. This is a very late step.”

 

 

 

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.



Read More:Exchanges start to take next step toward potential approval of spot bitcoin ETFs