The SEC will begin reviewing Bitcoin spot ETF applications this week, with a maximum review period of 240 days.
2023-07-19 01:05
Odaily News - The US SEC (Securities and Exchange Commission) will begin reviewing this week whether to approve or reject the listing application for six Bitcoin spot ETFs, including BlackRock's.
Although the SEC issued a document last week seeking public consultation, the formal review will only start after it is published in the Federal Register. The review period was initially set at 45 days but can be extended to 240 days. While there is no guarantee that the SEC will approve any applications, the crypto community speculates that BlackRock's application has a higher chance of approval.
The application for the Bitwise Bitcoin ETP Trust was published in the Federal Register on Tuesday. The applications for BlackRock's iShares Bitcoin Trust, Fidelity Wise Origin Bitcoin Trust, WisdomTree Bitcoin Trust, VanEck Bitcoin Strategy ETF, and ProShares Galaxy Bitcoin ETF will be published on Wednesday. The ARK 21Shares Bitcoin ETF was published in the Federal Register on May 15, and the SEC extended the review deadline in June.
A spokesperson for Valkyrie stated that Valkyrie's Bitcoin spot ETF is not yet published in the Federal Register, but their application was officially acknowledged by the SEC on Monday. (CoinDesk)
Although the SEC issued a document last week seeking public consultation, the formal review will only start after it is published in the Federal Register. The review period was initially set at 45 days but can be extended to 240 days. While there is no guarantee that the SEC will approve any applications, the crypto community speculates that BlackRock's application has a higher chance of approval.
The application for the Bitwise Bitcoin ETP Trust was published in the Federal Register on Tuesday. The applications for BlackRock's iShares Bitcoin Trust, Fidelity Wise Origin Bitcoin Trust, WisdomTree Bitcoin Trust, VanEck Bitcoin Strategy ETF, and ProShares Galaxy Bitcoin ETF will be published on Wednesday. The ARK 21Shares Bitcoin ETF was published in the Federal Register on May 15, and the SEC extended the review deadline in June.
A spokesperson for Valkyrie stated that Valkyrie's Bitcoin spot ETF is not yet published in the Federal Register, but their application was officially acknowledged by the SEC on Monday. (CoinDesk)
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