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SEC Requires ETF Issuers to Submit Final Amendment Documents
Key Approval Date: January 10th
According to information shared by Fox Business reporter Eleanor Terrett, the U.S. Securities and Exchange Commission (SEC) has notified all Bitcoin spot ETF issuers that the final amendments to their S-1 application documents must be completed before Friday. Only applications that submit the amended documents within the specified timeframe will be considered for the first wave of approvals.
In addition, the SEC specifically emphasized that the application documents should not mention “in-kind creation.” Otherwise, the application will be rejected.
The Bitcoin spot ETF is about to face a crucial approval date. The SEC must make a ruling on the ARK 21Shares Bitcoin ETF on January 10th, without further delays. Additionally, decisions on seven ETF applications, including BlackRock, Invesco, and VanEck, will be made on January 14th to January 17th, either approving, rejecting, or delaying the applications.
Due to the market’s general belief that the SEC will not give any party a first-mover advantage, combined with January 10th being the deadline for the final ruling on the ARK 21Shares Bitcoin ETF, this naturally becomes the key date for the SEC to approve the Bitcoin spot ETF.
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