TechFlow news, according to Bloomberg, institutional issuers of spot Bitcoin ETFs have been asked to submit final amendments to their applications in Washington by Monday morning.
If the SEC approves a spot Bitcoin ETF, trading could begin as early as the next business day. The SEC plans to vote on the 19b-4 filings submitted by exchanges within the coming days.
Two technical requirements must be met before a spot Bitcoin ETF can begin trading:
- First, the SEC must approve the 19b-4 filing submitted by the exchange listing the ETF;
- Second, the SEC must approve the related S-1 form.
It remains unclear whether the SEC will act on the issuers' applications (S-1) at the same time.
An SEC representative declined to comment on the current status of the applications.
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