{"id":567498,"date":"2023-12-31T06:42:15","date_gmt":"2023-12-31T06:42:15","guid":{"rendered":"https:\/\/wncen.com\/?p=567498"},"modified":"2024-06-11T09:19:39","modified_gmt":"2024-06-11T09:19:39","slug":"bitcoin-etf-sec-may-notify-approved-issuers-to-launch-very-soon-heres-when","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-etf-sec-may-notify-approved-issuers-to-launch-very-soon-heres-when\/","title":{"rendered":"Bitcoin ETF: SEC May Notify Approved Issuers To Launch Very Soon – Here’s When"},"content":{"rendered":"

According to a recent report from Reuters<\/a>, the US Securities and Exchange Commission (SEC) may notify the asset managers looking to launch a spot Bitcoin ETF (exchange-traded fund) if their applications have been approved as soon as next week.\u00a0<\/span><\/p>\n

SEC To Notify Applicants Of Its Decision By Next Week: Reuters<\/span><\/h2>\n

On Saturday, December 30, Reuters reported<\/a> that the SEC may notify the 14 Bitcoin ETF applicants if their applications will be approved by Tuesday or Wednesday next week. This move would come ahead of the January 10 deadline for the agency to decide whether or not to green-light the ETF application by Ark Invest and 21Shares.<\/span><\/p>\n

Citing people familiar with the process, Reuters highlighted that asset managers that met their end-of-the-year filing revision deadlines may be able to launch by January 10, 2024. Some of the firms that recently updated their Bitcoin ETF<\/a> filings with the SEC include Black Rock, Van Eck, Bitwise, WisdomTree, Invesco, Valkyrie, and Fidelity.<\/span><\/p>\n

Related Reading: Bitcoin Spot ETF: Bitwise Closes Ranks With $200 Million Seed Fund<\/a><\/div>\n

Notably, Fidelity Investments revealed more information and technical details about its potential ETF product in its S-1 form update. The asset management firm hopes to beat fellow applicants in winning investors over by proposing the lowest sponsor fee at 0.39%.<\/span><\/p>\n

Invesco announced a 0.59% rate while offering a fee waiver on the first $5 billion in assets within the first six months after launch. Meanwhile, BlackRock, the world\u2019s largest asset manager and a frontrunner in the Bitcoin ETF race<\/a>, unveiled Jane Street Capital and JP Morgan Securities as its authorized participants in its updated application.\u00a0<\/span><\/p>\n

From the latest development, it seems the SEC is looking to wrap up the Bitcoin ETF <\/span>chapter as soon as the new year arrives. Nonetheless, Reuters\u2019 latest report adds optimism to the possibility of the agency approving several ETF applications by January 10.<\/span><\/p>\n

How Bitcoin ETF Approval Could Impact Price<\/span><\/h2>\n

There have been wide speculations on the possible effects of the ETF approval on the Bitcoin asset. Options platform Greeks.live has offered insight into the potential impact of the exchange-traded fund on the value of the premier cryptocurrency<\/a>.<\/span><\/p>\n

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There is news in the market that the SEC will pass the Bitcoin Spot ETF application as early as next Tuesday, but there was little volatility across the major term IVs and the price.
Looking at the options data, Jan12 options IV, which is strongly correlated to the ETF, fell\u2026
pic.twitter.com\/f1B4ZPC05d<\/a><\/p>\n

— Greeks.live (@GreeksLive) December 31, 2023<\/a><\/p><\/blockquote>\n