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

Tabla de contenidos

ItsBitcoinWorld

Otros artículos publicados el 1 ene 2024

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

Dogecoin Founder Shares 2024 AI Resolutions

Tellor (TRB) Leaves Market In Shock With 75% Price Crash, Here’s What Happened

Stake F1 Team Officially Unveiled

Should You Invest in Dogecoin in 2024? If Yes, Here’s the Way!

Anticipation for the First US Spot Bitcoin ETF Launch

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!