- As of August 12, 2023, several deadlines for SEC Bitcoin ETF filings have been reached, marking key milestones in the crypto investment landscape.
- Investors and enthusiasts have already witnessed crucial decisions from companies like ARK 21Shares, BlackRock, and Bitwise, shaping the future of Bitcoin ETFs.
- With more dates on the horizon, the cryptocurrency market continues to evolve, reflecting regulatory changes and investment trends.
Explore the complete guide to SEC Bitcoin ETF dates. Get detailed insights into the filing dates, deadlines, and investment companies involved. Stay updated with the latest developments in the cryptocurrency investment landscape.
Upcoming SEC Bitcoin ETF Filings and Decision Deadlines
| Issuer (Ticker) | Company | Most Recent Filing | Exchange | Fee (After Waiver) | Waiver Details | Custodian |
|---|---|---|---|---|---|---|
| ARK 21Shares Bitcoin ETF (Re-filing) (ARKB) | 21Shares & ARK | 1/9/24 | CBOE | 0,0% (0,21%) | 6 Months or $1 Billion | Coinbase |
| iShares Bitcoin Trust (IBIT) | BlackRock | 1/9/24 | NASDAQ | 0,12% (0,25%) | 12 Months or $5 Billion | Coinbase |
| Bitwise Bitcoin ETP Trust (Re-filing) (BITB) | Bitwise | 1/9/24 | NYSE | 0,0% (0,20%) | 6 Months or $1 Billion | Coinbase |
| Wisdomtree Bitcoin Trust (Re-filing) (BTCW) | Wisdomtree | 1/9/24 | CBOE | 0,0% (0,30%) | 6 Months or $1 Billion | Coinbase |
| Invesco Galaxy Bitcoin ETF (Re-filing) (BTCO) | Invesco & Galaxy | 1/9/24 | CBOE | 0,0% (0,39%) | 6 Months or $5 Billion | Coinbase |
| Wise Origin Bitcoin Trust (Re-filing) (FBTC) | Fidelity | 1/9/24 | CBOE | 0,0% (0,25%) | Until July 31, 2024 | Fidelity |
| Valkyrie Bitcoin Fund (Re-filing) (BRRR) | Valkyrie | 1/9/24 | NASDAQ | 0,0% (0,49%) | 12 Months or $5 Billion | Coinbase |
| Fanklin Bitcoin ETF (EZBC) | Franklin | 1/9/24 | CBOE | 0,29% | None | Coinbase |
| Hashdex Bitcoin ETF (DEFI) | Hashdex | 12/26/23 | NYSE | 0,90% | None | BitGo |
| VanEck Bitcoin Trust (Re-filing) (HODL) | VanEck | 1/9/24 | CBOE | 0,25% | None | Gemini |
| Grayscale Bitcoin Trust (Re-filing) Conversion (GBTC) | Grayscale | 1/9/24 | NYSE | 1,5% | None | Coinbase |
What is a Bitcoin ETF?
A Bitcoin ETF, or Exchange-Traded Fund, is a financial product that tracks the price of Bitcoin. It allows investors to buy and sell Bitcoin-related shares on traditional stock exchanges without actually owning the underlying cryptocurrency.
Why Are Bitcoin ETFs Important?
- Accessibility: ETFs provide a way for more traditional investors to access Bitcoin without the complexities of handling the actual digital asset.
- Liquidity: ETFs often provide higher liquidity, making it easier to buy and sell shares.
- Regulatory Compliance: Bitcoin ETFs are subject to regulations, offering a sense of security and compliance.
Understanding the Key Terms and Dates
SEC Decision Dates
The Securities and Exchange Commission (SEC) is the regulatory body overseeing Bitcoin ETFs. Decision dates refer to scheduled dates when the SEC will review or decide on a Bitcoin ETF application.
Filing Date
The filing date is the date when the application for a Bitcoin ETF is officially submitted to the SEC.
19b-4 Filed Date
The 19b-4 filed date is when Form 19b-4 is filed with the SEC. This form is used by exchanges to propose a rule change, often associated with the listing of a new product like a Bitcoin ETF.
19b-4 SEC Date
This date refers to when the SEC officially acknowledges the receipt of Form 19b-4, starting the review process.
19b-4 Federal Register Date
The Federal Register date marks the publication of the proposal in the Federal Register, allowing for public comments.
First, Second, Third, and Final Deadlines
These deadlines are stages in the SEC’s review process:
- First Deadline: The initial review period.
- Second Deadline: Possible extension of the review.
- Third Deadline: Further extensions if needed.
- Final Deadline: The ultimate deadline by which the SEC must make a decision.
Conclusion
Bitcoin ETFs are a critical part of the evolving financial landscape, offering a bridge between traditional finance and the emerging world of cryptocurrencies. Understanding these key terms and dates helps investors and industry professionals navigate this exciting space.
Overview of Leading Cryptocurrency Investment Companies
As the cryptocurrency market continues to mature, leading investment firms have taken a keen interest in the space. Below we explore some of the most influential companies managing significant cryptocurrency assets and funds.
1. 21Shares & ARK
21Shares is a pioneer in the management of cryptocurrency ETFs. ARK Investment Management LLC, commonly known as ARK Invest, is an investment management firm focusing on disruptive innovation. Together, they have collaborated on cryptocurrency products.
Size and Funds Managed
Size: ARK has over $8.1 billion in assets under management (AUM) as of August 12, 2023.
This is a decrease from the peak of over $50 billion in AUM in February 2021. The decline in AUM is due to a number of factors, including the poor performance of the ARK funds in 2022, as well as the broader sell-off in technology stocks.
However, ARK has shown signs of recovery in early 2023 and has since increased by almost 50% year-to-date. It is possible that ARK could rebound in the future, as Cathie Wood, the CEO of ARK, is a respected investor with a strong track record of picking winning stocks.
Here are some additional details about ARK:
- ARK was founded in 2014 by Cathie Wood.
- ARK is headquartered in New York City.
- ARK is a registered investment advisor with the U.S. Securities and Exchange Commission (SEC).
- ARK is a fiduciary, which means that it is legally obligated to act in the best interests of its clients.
- ARK is known for its focus on disruptive innovation, and its funds invest in companies that are developing new technologies that have the potential to change the world.
Funds Managed: They have created ETFs specifically targeting Bitcoin and other digital assets.
2. BlackRock
BlackRock is the world’s largest asset manager, providing investment management, risk management, and advisory services for institutional and retail clients.
Size and Funds Managed
Size: BlackRock’s AUM exceeds $10 trillion as of August 12, 2023.
This makes BlackRock the largest asset manager in the world, with more assets under management than any other company. BlackRock’s AUM has grown significantly in recent years, due to a number of factors, including the strong performance of its investment products, the growth of the global economy, and the increasing popularity of passive investing.
BlackRock’s large size gives it a number of advantages, including economies of scale, a global reach, and a deep understanding of the financial markets. These advantages allow BlackRock to offer its clients a wide range of investment products and services, and to provide them with a high level of performance and service.
It is likely that BlackRock’s AUM will continue to grow in the years to come, as the global economy continues to grow and more people invest their money. BlackRock is well-positioned to capitalize on this growth, and it is likely to remain the largest asset manager in the world for many years to come.
Here are some additional details about BlackRock:
- BlackRock was founded in 1988 by Larry Fink.
- BlackRock is headquartered in New York City.
- BlackRock is a registered investment advisor with the U.S. Securities and Exchange Commission (SEC).
- BlackRock is a fiduciary, which means that it is legally obligated to act in the best interests of its clients.
- BlackRock is the largest asset manager in the world, with over $10 trillion in AUM.
Funds Managed: BlackRock’s interest in cryptocurrency has led to various Bitcoin-focused investment products.
3. Bitwise
Bitwise Asset Management is a leading provider of index and beta crypto funds. Their products simplify access to cryptocurrencies.
Size and Funds Managed
Size: Bitwise manages over $2.2 billion in AUM as of August 12, 2023.
This is an increase from the $1.5 billion in AUM that Bitwise managed as of October 2021. The growth in AUM is due to the increasing popularity of cryptocurrency investing, and Bitwise’s position as a leading provider of cryptocurrency investment products.
Bitwise offers a number of cryptocurrency investment products, including the Bitwise Bitcoin Trust (BITW), the Bitwise Ethereum Trust (ETHW), and the Bitwise DeFi Index Fund (DEFI). These products have been successful in attracting investors, and they have helped to drive the growth of Bitwise’s AUM.
It is likely that Bitwise’s AUM will continue to grow in the years to come, as the popularity of cryptocurrency investing continues to grow. Bitwise is well-positioned to capitalize on this growth, and it is likely to become one of the largest asset managers in the world for cryptocurrency.
Here are some additional details about Bitwise:
- Bitwise was founded in 2017 by Matt Hougan and Hunter Horsley.
- Bitwise is headquartered in San Francisco, California.
- Bitwise is a registered investment advisor with the U.S. Securities and Exchange Commission (SEC).
- Bitwise is a fiduciary, which means that it is legally obligated to act in the best interests of its clients.
- Bitwise is a transparent company, and it publishes regular reports on its investment performance.
Funds Managed: Offers multiple crypto index funds targeting various market segments.
4. VanEck
VanEck is an investment management firm known for pioneering global investing. Their focus extends to digital assets and innovative financial solutions.
Size and Funds Managed
Size: As of August 12, 2023, VanEck’s AUM is $62.09 billion. This is an increase from the $50 billion in AUM that VanEck managed as of August 2021. The growth in AUM is due to the strong performance of VanEck’s investment products, as well as the increasing popularity of passive investing.
VanEck offers a wide range of investment products, including ETFs, mutual funds, and closed-end funds. The company’s products are known for their low fees and high performance. VanEck’s ETFs are particularly popular, and they have attracted billions of dollars in assets in recent years.
The increasing popularity of passive investing is also a factor in VanEck’s growth. Passive investing is a strategy of investing in a basket of assets, such as an index fund, without trying to time the market or pick individual stocks. This strategy has become increasingly popular in recent years, as investors have become more aware of the high fees charged by active managers.
It is likely that VanEck’s AUM will continue to grow in the years to come. The company is well-positioned to capitalize on the growth of passive investing, and it has a strong track record of managing money.
Here are some additional details about VanEck:
- VanEck was founded in 1955.
- VanEck is headquartered in New York City.
- VanEck is a registered investment advisor with the U.S. Securities and Exchange Commission (SEC).
- VanEck is a fiduciary, which means that it is legally obligated to act in the best interests of its clients.
- VanEck is a transparent company, and it publishes regular reports on its investment performance.
Funds Managed: They offer several cryptocurrency ETFs and mutual funds.
5. Wisdomtree
WisdomTree Investments, Inc. is an ETF and ETP sponsor and asset manager. They are known for their innovation in strategic beta and active ETFs.
Size and Funds Managed
Size: As of August 12, 2023, WisdomTree’s AUM is approximately $96.2 billion. This is an increase from the $75 billion in AUM that WisdomTree managed as of January 27, 2023. The growth in AUM is due to the strong performance of WisdomTree’s investment products, as well as the increasing popularity of passive investing.
WisdomTree offers a wide range of investment products, including ETFs, mutual funds, and closed-end funds. The company’s products are known for their low fees and high performance. WisdomTree’s ETFs are particularly popular, and they have attracted billions of dollars in assets in recent years.
The increasing popularity of passive investing is also a factor in WisdomTree’s growth. Passive investing is a strategy of investing in a basket of assets, such as an index fund, without trying to time the market or pick individual stocks. This strategy has become increasingly popular in recent years, as investors have become more aware of the high fees charged by active managers.
It is likely that WisdomTree’s AUM will continue to grow in the years to come. The company is well-positioned to capitalize on the growth of passive investing, and it has a strong track record of managing money.
Here are some additional details about WisdomTree:
- WisdomTree was founded in 2006.
- WisdomTree is headquartered in New York City.
- WisdomTree is a registered investment advisor with the U.S. Securities and Exchange Commission (SEC).
- WisdomTree is a fiduciary, which means that it is legally obligated to act in the best interests of its clients.
- WisdomTree is a transparent company, and it publishes regular reports on its investment performance.
Funds Managed: WisdomTree has launched several digital asset ETFs, including Bitcoin-specific products.
6. Invesco & Galaxy
Invesco is a global investment management firm, while Galaxy Digital is a diversified financial services firm in the digital asset industry. They’ve partnered to create crypto-related investment products.
Size and Funds Managed
Size: As of August 12, 2023, Invesco & Galaxy’s AUM (assets under management) exceeds $1.7 trillion. This is an increase from the $1.5 trillion in AUM that Invesco & Galaxy managed as of March 31, 2023. The growth in AUM is due to the strong performance of Invesco & Galaxy’s investment products, as well as the increasing popularity of passive investing.
Invesco & Galaxy is a joint venture between Invesco and Galaxy Digital Holdings. Invesco is a global asset management company with over $10 trillion in AUM. Galaxy Digital Holdings is a digital asset investment firm with over $1 billion in AUM.
The joint venture was formed in 2021 to provide investors with access to a wide range of investment products that invest in both traditional and digital assets. The joint venture has been successful in attracting investors, and its AUM has grown rapidly in its short history.
It is likely that Invesco & Galaxy’s AUM will continue to grow in the years to come. The company is well-positioned to capitalize on the growth of both traditional and digital assets.
Here are some additional details about Invesco & Galaxy:
- Invesco & Galaxy was formed in 2021.
- Invesco & Galaxy is headquartered in New York City.
- Invesco & Galaxy is a registered investment advisor with the U.S. Securities and Exchange Commission (SEC).
- Invesco & Galaxy is a fiduciary, which means that it is legally obligated to act in the best interests of its clients.
- Invesco & Galaxy is a transparent company, and it publishes regular reports on its investment performance.
Funds Managed: Together, they manage a variety of digital asset funds, including ETFs.
7. Fidelity
Fidelity Investments is one of the largest and most diversified financial services companies in the world, known for their wide array of investment products.
Size and Funds Managed
Size: As of August 12, 2023, Fidelity’s AUM (assets under management) is over $4.5 trillion. This makes Fidelity the third largest asset manager in the world, behind BlackRock and Vanguard.
Fidelity offers a wide range of investment products, including mutual funds, ETFs, and annuities. The company’s products are known for their low fees and high performance. Fidelity’s ETFs are particularly popular, and they have attracted billions of dollars in assets in recent years.
Fidelity is also a leading provider of retirement plans, such as 401(k)s and IRAs. The company’s retirement plans are known for their low fees and easy-to-use online platforms.
Fidelity is a well-respected asset manager with a long history of success. The company is likely to continue to grow its AUM in the years to come.
Here are some additional details about Fidelity:
- Fidelity was founded in 1946.
- Fidelity is headquartered in Boston, Massachusetts.
- Fidelity is a registered investment advisor with the U.S. Securities and Exchange Commission (SEC).
- Fidelity is a fiduciary, which means that it is legally obligated to act in the best interests of its clients.
- Fidelity is a transparent company, and it publishes regular reports on its investment performance.
Funds Managed: Fidelity has entered the crypto space with innovative investment solutions, including Bitcoin trusts and funds.
8. Valkyrie
Valkyrie Investments specializes in innovative financial products and offers various cryptocurrency investment products.
Size and Funds Managed
Size: As of August 12, 2023, Valkyrie’s AUM (assets under management) is over $1.4 billion. This is an increase from the $1 billion in AUM that Valkyrie managed as of February 15, 2022. The growth in AUM is due to the increasing popularity of cryptocurrency investing, and Valkyrie’s position as a leading provider of cryptocurrency investment products.
Valkyrie offers a number of cryptocurrency investment products, including the Valkyrie Bitcoin Strategy ETF (BTF), the Valkyrie Balance Sheet Opportunities ETF (VBB), and the Valkyrie Bitcoin Miners ETF (WGMI). These products have been successful in attracting investors, and they have helped to drive the growth of Valkyrie’s AUM.
It is likely that Valkyrie’s AUM will continue to grow in the years to come, as the popularity of cryptocurrency investing continues to grow. Valkyrie is well-positioned to capitalize on this growth, and it is likely to become one of the largest asset managers in the world for cryptocurrency.
Here are some additional details about Valkyrie:
- Valkyrie was founded in 2017.
- Valkyrie is headquartered in Nashville, Tennessee.
- Valkyrie is a registered investment advisor with the U.S. Securities and Exchange Commission (SEC).
- Valkyrie is a fiduciary, which means that it is legally obligated to act in the best interests of its clients.
- Valkyrie is a transparent company, and it publishes regular reports on its investment performance.
Funds Managed: Valkyrie’s offerings include various crypto ETFs and trusts.
As cryptocurrency becomes a more prominent investment class, these firms and their offerings represent a significant shift in traditional finance, paving the way for broader adoption of digital assets.
