SEC lists eight updated 19b-4 filings as spot Bitcoin ETF process nears deadline

Jan. 8, 2024

By Mike Dalton

The U.S. Securities and Exchange Commission (SEC) began to publish notices of filing updates related to spot Bitcoin ETFs on Jan. 8.

As of 10:45 p.m. UTC, the SEC’s national securities exchange page listed amendments to eight 19b-4 filings detailing proposed rule changes.

Six of those updated filings concern proposed rule changes through which the Cboe BZX exchange intends to list and trade ETFs from WisdomTree, VanEck, Ark Invest, Franklin Templeton, Fidelity, and Invesco Galaxy. Another amendment concerns a proposed rule change through which NASDAQ intends to list and trade Valkyrie’s Bitcoin ETF. One other concerns a proposed rule change through which NYSE Arca intends to list and trade Hashdex’s ETF.

Currently, there are approximately one dozen applicants seeking a spot Bitcoin ETF, meaning that other amendments may arrive later.

The latest amendments largely address previous issues including concerns about whether relevant markets are of a significant size, the inclusion of surveillance-sharing agreements, and prevention of market manipulation.

S-1 amendments also arrived Monday

Several spot Bitcoin ETF applicants additionally submitted amended registration statements including S-1/A and 8-A12B forms on Jan. 8.

To read entire article…Click Here!