Cryptocurrency investors are on edge as a recent Bloomberg report suggests progress towards the approval of a Spot Bitcoin ETF. The report indicates that the U.S. Securities and Exchange Commission (SEC) has instructed exchanges and issuers to submit their final 19b-4 filings for Spot Bitcoin ETF applications today. This step is crucial for the potential approval of such ETFs, which would be a significant milestone for the crypto industry.
Shortly after the report, Valkyrie updated its 19b-4 filing, aligning with Bloomberg’s report and signaling that the process is moving forward. Bloomberg’s James Seyffart tweeted the update, expressing excitement with the message “Here we go,” indicating the start of a new phase in the Spot Bitcoin ETF journey.
While this does not guarantee final approval, it does show that the process is advancing and nearing completion. The anticipation among investors and industry observers is growing, with hopes that the SEC will soon confirm the launch of Spot Bitcoin ETFs.
Bloomberg’s Eric Balchunas provided further insights, suggesting that the SEC is coordinating for a January 11th launch and that final S-1 filings are due by the morning of the upcoming Monday. However, he noted that official confirmation from the SEC is still awaited to formally announce the development.
The article concludes with the news that Nasdaq has made its 19b-4 filing, adding to the momentum and anticipation for the future of Spot Bitcoin ETFs and their potential impact on the cryptocurrency market.
