TechFlow news, according to Reuters citing sources, SEC officials in the United States have met with representatives from at least seven issuers seeking to launch spot Bitcoin ETFs in early 2024, and have instructed at least two firms to submit final amendments by the end of 2024. Based on public memos and information from two people familiar with the matter, the SEC is set to decide on January 10 whether to approve or reject the joint proposal from ARK and 21 Shares. Most issuers expect the SEC could approve multiple applications simultaneously a few days before the deadline.
Executives from two companies that met with regulators said the SEC set December 29 as the final deadline for updated filings, citing the confidentiality of discussions, and any issuer failing to meet this deadline will not be included in the first batch of potential spot Bitcoin ETF approvals in early January.
