How to get instant confirmation of Bitcoin ETFs?

Investors and asset management firms are anxiously awaiting the U.S. Securities and Exchange Commission’s decision on dozens of license applications for spot bitcoin ETFs this week. Given the possible but widespread impact of this news on the price of Bitcoin and other digital currencies, how can we immediately find out about the approval of these spot ETFs?

To Report DeBlock, these individuals and institutions hope that the approval of these products will lead to billions of dollars in capital flowing into the digital currency industry, although many other things will be required to make this happen.

Expectations for a decision in the coming days are rising in part due to the Securities and Exchange Commission’s Jan. 10 deadline to respond to the first of the latest wave of requests, from ArkInvest and 21Shares.

However, some analysts have noted that the regulator has broad discretion in the decision-making process and could potentially delay the process again.

Of course, last week ended on an optimistic note; Because the stock exchanges were rushing to file new Forms 19b-4 for each proposed fund.

This week, the market will eagerly monitor the website of the Securities and Exchange Commission to follow the news related to these forms; Because the publication of any general news of the approval of these ETFs will probably start there first.

At the same time, the issuing companies are expected to file revised S-1 registration forms for spot bitcoin ETFs, which include terms regarding the receipt of fees, the names of authorized partners and the removal of other proposed schemes.

The approval process for these ETFs is twofold. First, Forms 19b-4 and then Forms S-1 must be approved. Once these two forms are approved, it will be possible to start trading ETFs of some of these companies, which according to their providers, are ready before approval.

Representatives of the five financial firms told Reuters they had discussed final changes to their S-1 forms with regulators and expected to file and receive approval for the amendments by late Tuesday or Wednesday next week. These comments could mean the launch of a spot bitcoin ETF by the end of that week.

With all this, it is still not clear how the Securities and Exchange Commission will announce its decisions. The agency can decide on all cases at once or accept some applications, reject others or delay them.

Any decision will likely be announced by the US Securities and Exchange Commission or the asset management companies themselves. Also, it is possible on the electronic database of this agency, “EDGAR” To be published. The spokesperson of the Stock Exchange Commission previously said in response to Deblock’s questions: “We do not comment on each case separately.”

This speaker explained:

Generally, if the Exchange Commission approves an application, the decision will be published in Edgar. Any Commission orders regarding Forms 19b-4 will be published first on our website and then in the Federal Register, the official gazette of the United States government.

In addition, all the news related to the confirmation of spot bitcoin ETFs will be published through digital currency channels immediately after publication.