JUST

United

James

<p class="is-style-lead">Form 8-A filings submitted by Fidelity, Grayscale, and VanEck indicate progress toward the widely expected approval for spot Bitcoin ETFs, although the SEC has not given the nod yet.&nbsp;</p> 
<p>Grayscale Investments and VanEck <a href="https://www.sec.gov/Archives/edgar/data/1588489/000095017024001501/btc_form_8-a12b_1.4.24.htm" target="_blank" rel="noreferrer noopener">filed</a> Form 8-As on Jan. 4 with the United States Securities and Exchange Commission (SEC), marking registration of securities with the watchdog. This is part of a process that allows issuers to eventually list Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noreferrer noopener">BTC</a>) ETFs on an exchange should the SEC approve.&nbsp;</p> 
<p>The issuer of Grayscale BTC Trust (GBTC), which holds some 620,000 BTC valued at over $26 billion, hopes to convert its current product into an exchange-traded fund that tracks spot Bitcoin price. GBTC would trade on the NYSE Arca as a spot BTC ETF if approved.</p> 
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 <img loading="lazy" decoding="async" width="1024" height="200" src="https://crypto.news/app/uploads/2024/01/Screenshot-147-1024x200.png" alt="Grayscale" class="wp-image-14234501">
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  Grayscale’s GBTC holdings | Source: Coinglass
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   <p lang="en" dir="ltr">JUST IN: VanEck files registration of securities with SEC for its spot <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Bitcoin</a>&nbsp;ETF. <a href="https://t.co/jVHp6A1QLk" target="_blank">pic.twitter.com/jVHp6A1QLk</a></p>— Watcher.Guru (@WatcherGuru) <a href="https://twitter.com/WatcherGuru/status/1742930822859276458?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">January 4, 2024</a>
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<p> You might also like: <a href="https://crypto.news/bitcoin-etfs-on-the-horizon-sec-meetings-point-to-potential-listings-on-major-exchanges/"> Bitcoin ETFs on the horizon: SEC meetings could mean listings on major exchanges in Q2 2024 </a> </p> 
<p>Fidelity had <a href="https://crypto.news/fidelity-files-registration-of-securities-for-its-bitcoin-etf-with-the-sec/" data-type="link" data-id="https://crypto.news/fidelity-files-registration-of-securities-for-its-bitcoin-etf-with-the-sec/" target="_blank" rel="noreferrer noopener">submitted</a> its Form 8-A a day before Grayscale and VanEck as issuers bolstered their readiness ahead of a deadline when the SEC must accept or reject at least one bid for spot Bitcoin ETFs.</p> 
<p>The SEC has a deadline of Jan. 10 to decide on the ARK 21Shares <a href="https://crypto.news/us-sec-delays-ark-21shares-bitcoin-etf-ruling-until-january-2024/">Bitcoin ETF</a>. Experts have said that the securities watchdog will likely approve multiple filings by this date, with the chances of acceptance at 90%, according to Bloomberg analysts Eric Balchunas and James Seyffart.&nbsp;</p> 
<p>Traders on decentralized prediction platforms like Polymarket have <a href="https://crypto.news/polymarket-investors-confident-of-spot-bitcoin-etf-nod-by-jan-15/" target="_blank" rel="noreferrer noopener">placed</a> bets worth over $1 million that the SEC issues a go-ahead for any of the 14 issuers to list their spot Bitcoin ETFs by Jan. 15.&nbsp; The amount locked in the “Bitcoin ETF approved by Jan. 15” contract increased by over $600,000 in two days despite a <a href="https://crypto.news/sec-will-reject-all-bitcoin-etfs-in-january-says-matrixport/">Matrixport</a> report suggesting the SEC may reject all applications in January.</p> 
<p> You might also like: <a href="https://crypto.news/why-is-crypto-down-today-matrixport-and-other-fud/"> Why is crypto down today? Matrixport and other FUD </a> </p>

Grayscale, VanECK file Form 8-A for spot Bitcoin ETFs

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