Final Preparations for Spot Bitcoin ETFs: When Will Trading Begin?

  • ETF applicants are expected to file the S-1 form in the U.S. by 8 a.m. on Monday, January 8, 2024.
  • Players like MicroStrategy (MSTR) have already placed significant bets on accumulating the top cryptocurrency by continuously investing in Bitcoin (BTC) price volatility.
  • The share prices of Microstrategy (MSTR) and Coinbase (COIN) have seen significant gains in recent months in anticipation of Bitcoin ETF approval.

As firms finalize their updates for spot Bitcoin ETFs in the U.S., the timing of SEC approval and the start of trading are under discussion!

Countdown for Spot Bitcoin ETFs in the U.S.

Bitcoin-BTC

According to reports, the U.S. Securities and Exchange Commission (SEC) is preparing to make a decision to approve a spot Bitcoin ETF in the coming days, depending on the clearance of 19b-4 and S-1 forms. According to a Bloomberg report, the SEC is expected to vote on 19b-4 forms in the coming days.

ETF applicants are expected to file the S-1 form in the U.S. by 8 a.m. on Monday, January 8, 2024. Previously, Bloomberg analysts reported a reduced likelihood of ETF rejection to 5% in the context of meetings between SEC officials and representatives of firms seeking approval. The report states:

“If the SEC grants the necessary approvals to both groups, ETFs can begin trading the next business day.”

In this regard, a significant vote on this matter is expected early this week, which could be a precursor to the expected approval of ETFs. The approval of a Bitcoin ETF could be a significant step for institutional money to flow into the crypto market. Players like MicroStrategy (MSTR) have already placed significant bets on accumulating the top cryptocurrency by continuously investing in Bitcoin (BTC) price volatility.

The share prices of Microstrategy (MSTR) and Coinbase (COIN) have seen significant gains in recent months in anticipation of Bitcoin ETF approval, aligning with the rise in the price of Bitcoin (BTC).

ETF Start Date

Speculations suggest that spot Bitcoin ETF products offered by firms like Blackrock, Fidelity, Van Eck, Valkyrie, Bitwise, and Grayscale could begin trading on the stock market on January 11, 2024. This indicates a 60-day window from January 10 when SEC officials need to decide on the Ark 21Shares spot Bitcoin ETF application. January 10 marks the 60-day window from the previous date when the Ark 21Shares application was rejected, and SEC officials will have to decide whether to approve or reject spot ETF applications during this period.

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