Wednesday

Bitcoin ETF

Bitcoin

Spot

<a href="https://bitcoinworld.co.in/us-sec-may-approve-spot-bitcoin-etfs-on-tuesday-or-wednesday/" title="US SEC May Approve Spot Bitcoin ETFs On Tuesday or Wednesday" rel="nofollow"></a>
According to a report, the US Securities and Exchange Commission (SEC) could make a decision regarding the approval of spot bitcoin exchange-traded funds (ETFs) on Tuesday or Wednesday.&nbsp; 
Anticipation for the first-ever U.S. spot bitcoin ETFs intensified last week as prominent asset managers updated their filings with the SEC. 
<h3 id="span-style-font-weight-400-green-light-imminent-sec-could-make-a-decision-by-tuesday-wednesday-span">Green Light Imminent? SEC Could Make a Decision by Tuesday/Wednesday</h3> 
Market participants are buzzing with anticipation as major asset management firms scramble to secure regulatory approval for the first-ever spot bitcoin exchange-traded funds (ETFs) in the US. 
<blockquote>
 See Also: <a class="row-title" href="https://bitcoinworld.co.in/hong-kongs-proposed-stablecoin-regulations-poses-challenge-to-usdt-usdc/" aria-label="“Hong Kong’s Proposed Stablecoin Regulations Poses Challenge To USDT, USDC” (Edit)">Hong Kong’s Proposed Stablecoin Regulations Poses Challenge To USDT, USDC</a>
</blockquote> 
Applicants, including Blackrock, Vaneck, Valkyrie, Bitwise, Invesco, Fidelity, Wisdomtree, and the Ark Invest/21shares joint venture all submitted revised filings with the US Securities and Exchange Commission (SEC) on Friday.&nbsp; 
The first deadline is Jan. 10 for the proposed spot bitcoin ETF by Ark Invest/21shares. Many people are expecting the securities regulator to approve multiple spot bitcoin ETFs by that date. 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/bitcoin-etf-does-not-give-access-to-actual-bitcoin-keiser/" aria-label="“Bitcoin ETF Does Not Give Access to Actual Bitcoin – Keiser” (Edit)">Bitcoin ETF Does Not Give Access to Actual Bitcoin – Keiser</a> 
Citing people familiar with the filing process who spoke on background, it was <a href="https://www.reuters.com/business/finance/blackrock-vaneck-among-asset-managers-that-submitted-updated-filings-spot-2023-12-30/">reported</a> last week that: 
“The SEC may notify issuers as soon as Tuesday or Wednesday that they have been cleared to launch the following week.” 
Fee structures are also taking shape, with Valkyrie announcing a 0.80% management fee, echoing Ark/21shares’ proposed rate.&nbsp; 
Fidelity, however, aims to undercut the competition with a remarkably low 0.39% fee for its Wise Origin Bitcoin Fund. Invesco, meanwhile, offers a 0.59% fee with a six-month waiver for the first $5 billion in assets. 
Bitwise said in its filing on Friday that it plans to seed its spot bitcoin ETF with $200 million while Blackrock recently revealed a plan to seed its ETF with $10 million on Jan. 3.&nbsp; 
The world’s largest asset manager has named JPMorgan as a lead authorized participant despite the negative stance consistently displayed by JPMorgan CEO Jamie Dimon. 
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
</blockquote> 
The post <a href="https://bitcoinworld.co.in/us-sec-may-approve-spot-bitcoin-etfs-on-tuesday-or-wednesday/">US SEC May Approve Spot Bitcoin ETFs On Tuesday or Wednesday</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

US SEC May Approve Spot Bitcoin ETFs On Tuesday or Wednesday

Table of Contents

ItsBitcoinWorld

Alte articole publicate pe 1 ian. 2024

Bitcoin NFT Sales Hit New Record for December 2023, What’s Ahead in January?

Bitcoin’s strong recovery in 2023 outshines gold and S&P 500

UniSat Wallet Issues Cautionary Advisory on Atomicals Node Delays

Cardano (ADA) Skyrockets in This Bullish Metric, Finishing 2023 Strong

Cryptocurrency Billionaire Justin Sun Has $1.38 Billion Altcoins in His Portfolio – Here is His A...

International Cooperation Urgently Needed for Strengthening AI Governance

Join our free newsletter for daily crypto updates!