Companies trying to establish a spot Bitcoin exchange-traded fund (ETF) in the USA managed to overcome major obstacles this week.
According to information provided by Bloomberg, the Securities and Exchange Commission gives applicants until Friday He told them to register.
SEC executives about applications within next week A clear decision is expected.
The SEC must approve both forms 19b-4 and S-1. If both records are approved, transactions can begin within days.
Over the past few days, several issuers, including BlackRock and Fidelity, have filed updated filings with the SEC.