The U.S. Securities and Exchange Commission (SEC) is expected to notify applicants on either Tuesday, January 2, or Wednesday, January 3, regarding the clearance to launch a Bitcoin exchange-traded fund (ETF). If granted, this would give the applicants time to prepare for a potential launch on January 10.
The SEC must approve or reject an application from Ark/21Shares at that time but could also decide on other pending applications simultaneously.
According to Eleanor Terrett from Fox Business, who has spoken with several applicants, the SEC still needs to assess all the changes made to the S-1 filings submitted last Thursday and Friday and provide comments on them. Given that SEC staff have been on holiday since Friday, the approval on Tuesday or Wednesday appears to be a tight timeline. Nevertheless, the upcoming week holds significant importance and will be closely monitored.
Bitcoin
