When is Bitcoin (BTC) ETF approval? All eyes are on the upcoming decision statement from the SEC

The timing of Bitcoin (BTC) ETF approval continues to be closely followed by cryptocurrency investors. Finally, BlackRock, Ark, and several other issuers with direct investments in Bitcoin have filed S-1 filings with the SEC, which are prospectus documents for ETFs. Now all eyes are on the approval statement from the SEC. So, when is Bitcoin (BTC) ETF approval? WHEN IS BITCOIN ETF APPROVAL? The SEC's decision date for the Bitcoin ETF approval, which is eagerly awaited by cryptocurrency investors, has been announced. According to this; The SEC must make its decision on Bitcoin ETF applications by January 10, 2024. S-1 APPLICATIONS SUBMITTED Last week, several issuers, including Fidelity, Invesco, Galaxy Digital and Wisdom Tree, filed amended S-1 filings to designate their authorized participants responsible for the creation and redemption of baskets for ETFs.
TWO TECHNICAL REQUIREMENTS NEED TO BE COMPLETED For spot bitcoin ETF transactions, 2 technical requirements must be completed. First, changes must be made to the 19b-4 forms for applications. Some of these updated documents, including ETFs from BlackRock Inc., Grayscale Investments and others, were released Friday evening. Second, the SEC must approve the S-1 forms. If both approvals are received, ETFs can begin trading as of the next business day. The SEC is expected to vote on 19b-4 filings in the coming days, according to Bloomberg News. The SEC representative did not make a statement regarding the issue.