U.S. Spot Bitcoin ETF Approval Clock to Start Wednesday as 8 Applicants Named on Federal Register
The clock for U.S. Securities and Exchange Commission (SEC) approval of spot-bitcoin exchange-traded fund (ETF) applications will begin Wednesday after all eight applicants were listed on the Federal Register.
While the regulator published documents seeking public consultations last week, the clock on the review process formally starts only when filings are published in the register, which occurred Tuesday.
The eight applicants are BlackRock's iShares ETF filed on Nasdaq, Bitwise's Bitcoin ETP Trust filed on NYSE Arca and six others filed on the Chicago Board Options Exchange (Cboe): Fidelity's Wise Origin Bitcoin Trust, WisdomTree Bitcoin Trust, VanEck Bitcoin Strategy ETF, Invesco Galaxy Bitcoin ETF, ProShares Bitcoin Strategy ETF and Valkyrie Bitcoin Strategy ETF.
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