In addition to Valkyrie, ten other companies have applied for the spot product: BlackRock, Grayscale, Bitwise, Hashdex, ARK 21Shares, Invesco Galaxy, Fidelity, Franklin Templeton, VanEck and WisdomTree. Bitcoin ETFs are expected to attract new investors and billions of dollars in their first year. The price of Bitcoin has increased significantly against the backdrop of expectations.
“We have not received any instructions from the SEC. In general, no one has actually received any real indication that this is definitely going to happen. But I am about 95% confident that we will trade on Thursday,” said Steven McClurg.
Many potential ETF issuers had already made changes to their previously submitted applications on the morning of Tuesday, January 9, after receiving a response from the SEC the day before. Market participants view such a quick response from the department as a positive sign. According to updated SEC filings, Invesco, Bitwise, Valkyrie and WisdomTree have reduced fees on their spot Bitcoin ETF applications.
Sources from Axios also point to January 11. They also claim that immediately after applications are approved, the next day, Bitcoin ETFs will enter the market.
Fox previously claimed that lawyers from the SEC's Division of Trading and Markets met with representatives of the largest exchanges – the New York Stock Exchange (NYSE), Nasdaq and the Chicago Board Options Exchange (CBOE). All these platforms are going to trade Bitcoin ETF shares.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
