Galaxy

Bitcoin

Spot

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 The U.S. Securities and Exchange Commission (SEC) has set the wheels in motion this week for its decision on six applications, which includes BlackRock's, to list spot bitcoin exchange-traded funds (<a target="_blank" href="https://tokeninsight.com/en/news/?title=etf" rel="noopener noreferrer nofollow">ETFs</a>). 
 On Tuesday, Bitwise's Bitcoin ETP Trust's application made its appearance in the Federal Register, while the following applications will be featured in the compendium on Wednesday: 
 <ul> 
 <li>BlackRock's iShares Bitcoin Trust</li> 
 <li>Fidelity's Wise Origin Bitcoin Trust</li> 
 <li>WisdomTree Bitcoin Trust</li> 
 <li>VanEck Bitcoin Strategy ETF</li> 
 <li>Invesco Galaxy Bitcoin ETF</li> 
 </ul> 
 The SEC had started sought public consultations on bitcoin ETFs, but the formal review process officially commences only when filings are published in the register. The initial deadline for the decision is 45 days, but it can be extended up to 240 days. 
 The register is the daily gazette of the U.S. government and contains executive orders, federal agency regulations, proposed agency rules and other documents that, by law, have to published. 
 Related: <a target="_blank" href="https://tokeninsight.com/en/news/us-sec-accepts-spot-bitcoin-etf-applications-from-blackrock-and-others" rel="noopener noreferrer nofollow">US SEC Accepts Spot Bitcoin ETF Applications from BlackRock and Others</a> 
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U.S. SEC to Commence Review of Spot Bitcoin ETF Application, Initial Decision Deadline Set at 45 Days

TokenInsight

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