Major US exchanges publish the final Bitcoin ETF application filings

Spot bitcoin exchange-traded funds (ETFs) in the United States appear to be on the verge of launching after the exchanges that will list them filed updated filings, indicating that they expect U.S. The Securities and Exchange Commission will approve the transaction in the following days.

The modified 19b-4 filings, filed on behalf of BlackRock, Grayscale, Fidelity, and other issuers, complement last month's amended S-1 filings, which addressed comments from the US Securities and Exchange Commission. SEC stands for Securities and Exchange Commission. More than a dozen applicants aspire to be the first to launch spot bitcoin ETFs in the United States; many issuers are likely to be licensed concurrently.

On Thursday, representatives from two distinct issuers informed CoinDesk that their companies expect approvals sometime next week.

One of the individuals told CoinDesk that while filing the modifications did not ensure approval, they were optimistic. A final deadline for SEC action on at least one application, filed by Ark 21 Shares, is Jan. 10, implying that the agency may accept all final applications that it is comfortable with by that date. Grayscale spokeswoman Jenn Rosenthal said in a statement that the filing "is another important step towards uplisting GBTC as a spot bitcoin ETF," referring to the company's bitcoin trust that it intends to convert into an ETF. "At Grayscale, we continue to work collaboratively with the SEC, and we remain ready to operate GBTC as an ETF upon receipt of regulatory approvals."

Bloomberg reported earlier Friday that the SEC's commissioners were "expected to vote on the exchange-rule filings next week."

Before the ETFs may be launched, the regulatory agency must approve both the 19b-4 and S-1 registrations.