Bitcoin ETF

Bitcoin

Valkyrie and ARK 21Shares have recently submitted filings for spot Bitcoin ETFs, adding to the growing list of contenders seeking approval from the U.S. Securities and Exchange Commission.
<a href="https://www.sec.gov/Archives/edgar/data/1841175/000199937124000087/bitcoin-8a12b_010424.htm" data-type="link" data-id="https://www.sec.gov/Archives/edgar/data/1841175/000199937124000087/bitcoin-8a12b_010424.htm" target="_blank" rel="noopener noreferrer nofollow">Valkyrie</a> and <a href="https://www.sec.gov/Archives/edgar/data/1869699/000119312524002254/d647221d8a12b.htm" data-type="link" data-id="https://www.sec.gov/Archives/edgar/data/1869699/000119312524002254/d647221d8a12b.htm" target="_blank" rel="noopener noreferrer nofollow">ARK 21Shares</a> have filed for 8-A registration of securities for a spot Bitcoin ETF with the SEC on Jan. 4, following the footsteps of <a href="https://crypto.news/grayscale-vaneck-file-form-8-a-for-spot-bitcoin-etfs/" data-type="link" data-id="https://crypto.news/grayscale-vaneck-file-form-8-a-for-spot-bitcoin-etfs/" rel="noopener noreferrer nofollow">Grayscale and VanEck</a> earlier today and <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/" rel="noopener noreferrer nofollow">Fidelity</a>, who filed yesterday.
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 Lots of Bitcoin ETF issuers have amended their 8-A forms in recent weeks… ❓But what is an 8-A form….❓ SEC form 8-A is required by the Securities and Exchange Commission (<a href="https://twitter.com/hashtag/SEC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#SEC</a>) from companies that are seeking to issue securities. And it must be submitted before securities…— LondonCryptoClub (@LDNCryptoClub) <a href="https://twitter.com/LDNCryptoClub/status/1742949902269796790?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">January 4, 2024</a>
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Valkyrie and ARK 21Shares’s official filings today suggest a solid chance of approvals being pushed through imminently as the two companies compete with others for the first spot <a href="https://crypto.news/tag/bitcoin-etf/" data-type="link" data-id="https://crypto.news/tag/bitcoin-etf/" rel="noopener noreferrer nofollow">Bitcoin ETF</a> in the United States.
The filing comes while the market is buzzing about the potential approval of a U.S. spot Bitcoin ETF. Despite chatter about <a href="https://crypto.news/sec-will-reject-all-bitcoin-etfs-in-january-says-matrixport/" data-type="link" data-id="https://crypto.news/sec-will-reject-all-bitcoin-etfs-in-january-says-matrixport/" rel="noopener noreferrer nofollow">possible rejections</a>, Valkyrie and ARK 21Shares filings, among others, point to a different story.
The cryptocurrency industry is hoping for approvals to roll out between Jan. 8 – 10. Big players like <a href="https://www.bloomberg.com/news/articles/2024-01-03/jpmorgan-goldman-talking-to-grayscale-about-bitcoin-etf-role?utm_campaign=socialflow-organic&amp;utm_source=twitter&amp;utm_medium=social&amp;utm_content=crypto" data-type="link" data-id="https://www.bloomberg.com/news/articles/2024-01-03/jpmorgan-goldman-talking-to-grayscale-about-bitcoin-etf-role?utm_campaign=socialflow-organic&amp;utm_source=twitter&amp;utm_medium=social&amp;utm_content=crypto" target="_blank" rel="noopener noreferrer nofollow">Goldman Sachs</a> are already angling for key roles in Grayscale and BlackRock ETFs.
While nothing is set as of today, the week has shown bullish sentiment around the immediate possibility of a spot Bitcoin ETF approval. SEC meetings with exchanges such as <a href="https://crypto.news/sec-holds-urgent-meetings-with-nasdaq-and-nyse-to-discuss-bitcoin-etfs/" data-type="link" data-id="https://crypto.news/sec-holds-urgent-meetings-with-nasdaq-and-nyse-to-discuss-bitcoin-etfs/" rel="noopener noreferrer nofollow">Nasdaq</a>, NYSE, and CBOE add to the optimism, hinting at potential approvals as early as Monday.
Read more: <a href="https://crypto.news/greekslive-spot-bitcoin-etf-approval-unlikely-until-2nd-week-of-january/" rel="noopener noreferrer nofollow"> Greekslive: Spot Bitcoin ETF approval unlikely until 2nd week of January </a>

Valkyrie and ARK 21Shares file Bitcoin ETF registration of securities with SEC

crypto.news

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