This week, the U.S. Securities and Exchange Commission (SEC) will begin a review process to approve or deny listing applications for six physical Bitcoin exchange-traded funds (ETFs), including BlackRock.
The application for the Bitwise Bitcoin ETP Trust was published in the Federal Register on the 18th, and on the 19th:
- BlackRock’s iShares Bitcoin Trust
- Fidelity’s Wise Origin Bitcoin Trust
- WisdomTree Bitcoin Trust
- VanEck Bitcoin Strategy ETF
- Invesco Galaxy Bitcoin ETF
Last week, the SEC released a document requesting public comment on the Bitcoin ETF application. But the review process officially begins only after the application is published in the Federal Register. The review is set for 45 days, but can be extended up to 240 days.
The Federal Register contains executive orders, federal agency regulations and proposed regulations, and documents required by law to be made public.
There is no guarantee that the SEC will approve a Bitcoin ETF, but speculation has increased that the Bitcoin ETF is more likely to be approved after being filed by BlackRock, the world’s largest asset manager.
Another, the ARK 21Shares Bitcoin ETF, was published in the Federal Register on May 15 and the SEC extended the deadline in June.
Valkyrie’s filing has not yet appeared in the Federal Register, but the filing was received by the SEC on Wednesday, a company spokesperson said.
｜Translation: CoinDesk JAPAN
｜Editing: Takayuki Masuda
｜Original: Deadlines for US Spot Bitcoin ETF Approvals Come Into Sight
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