A spot Bitcoin ETF issuer told Reuters that the U.S. SEC’s vote on 19b-4 rule changes is scheduled for January 10
Multiple spot bitcoin ETF issuers said on Friday that they expect to receive final approval for their S-1 applications next Tuesday or Wednesday. The US Securities and Exchange Commission has asked three bitcoin ETF issuers to make "minor" adjustments, and some asset management companies are expected to modify their filings to disclose their ETF's market maker fees or identities. Insiders say that the relevant content updates will end at 8 a.m. Eastern Time on Monday (around 9 p.m. Beijing time on January 10th) and may be announced on the same day. A spokesperson for the US Securities and Exchange Commission said that the agency does not comment on individually submitted documents. It is reported that an informant from one of the spot bitcoin ETF issuers has informed Reuters that the US Securities and Exchange Commission plans to vote on the 19b-4 rule change for approving spot bitcoin ETF issuances on January 10th (next Wednesday).
Nate Geraci: Spot Bitcoin ETF could launch on Thursday or Friday
Nate Geraci, the President of registered investment advisor The ETF Store, stated that the revised S-1 document will be submitted before 8am Eastern Time on Monday and may be approved on Tuesday or Wednesday (which *could* mean a launch on Thursday or Friday). The SEC only requires "minor" changes. An insider said that SEC commissioner voting may take place on Wednesday.
Non-profit organization Better Markets once again writes to the SEC to oppose the approval of a Bitcoin spot ETF
Analysts have stated that non-profit organization Better Markets has sent multiple letters to the US Securities and Exchange Commission (SEC) opposing the approval of a bitcoin spot ETF. On January 5th, Better Markets once again published an article on its official website calling for the SEC to reject the application for a bitcoin spot ETF, stating that approving the product would be a historic mistake and would cause huge losses for investors.
Bloomberg: SEC commissioners are expected to vote next week on 19b-4 documents submitted by Bitcoin spot ETF issuers
It is expected that SEC commissioners will vote on the 19b-4 documents submitted by ETF issuers next week. Typically, the approval of ETFs can be delegated to SEC staff without the need for commissioner voting. It is currently unclear whether SEC staff has provided additional feedback on all companies' 19b-4 applications.
Invesco Galaxy, Bitwise, WisdomTree, Fidelity join BTC ETF revision rush
Seven of the 13 applicants for spot Bitcoin ETFs filed revised S-1s with the SEC on the day of the deadline. An official decision is expected by Jan. 9, and trading should begin around Jan. 11. If a launch is approved, issuers may be notified as soon as Jan. 3.
Amid Bitcoin ETF Race, Wall Street Giants Dot Their Bureaucratic I's as Likely SEC Action Looms
BlackRock, Fidelity and Invesco want all their ducks in a row should the SEC grant approvals early in the new year.
CI Global announces reinvestment allocation to its crypto ETF
CI Global Asset Management announced a reinvestment distribution for its cryptocurrency ETF (CI Galaxy Crypto ETF). The reinvestment distribution will not be paid in cash, but will be reinvested, and the resulting shares will be immediately merged, so the number of units held by each investor will not change.
Invesco appoints JP Morgan and Virtu Americas as authorized dealers for its spot Bitcoin ETF, which will charge no fees for the first 6 months
On December 30th, James Seyffart, an ETF analyst at Bloomberg, posted on social media that Invesco US and Galaxy Digital have submitted the latest revised S-1 document for their spot Bitcoin ETF, designating JP Morgan Securities and Virtu Americas as authorized participants for the ETF's spot Bitcoin trading. The ETF will not charge agent fees (Sponsor Fee) for the first 6 months after its launch, while the ETF itself has a designated agent fee of 0.59%.
WisdomTree appoints Jane Street as authorized dealer for its spot Bitcoin ETF
On December 30th, ETF analyst Eric Balchunas from Bloomberg stated on social media that WisdomTree has submitted a revised S-1 document for its physical Bitcoin ETF, designating Jane Street Capital as its authorized participant.
Currently 793,034 BTC are held in various ETFs and Grayscale trusts
CoinGecko calculates that various ETFs and Grayscale trusts currently hold 793,034 BTC (about 34 billion US dollars), which is 3.8% of the total bitcoin issuance.
