While Spot Bitcoin ETF approval excitement is increasing and approval is expected within a few days, updates continue to come from the companies that have applied.
While investors and the market were completely focused on spot Bitcoin ETF approval, a new report came from Axios.
At this point, three people with knowledge of the matter told Axios that multiple spot Bitcoin ETFs could receive regulatory approval from the SEC as soon as Wednesday and are set to begin trading on Thursday morning.
ETF application updates, known as S-1, will be approved by the SEC, paving the way for ETF trading, three people with knowledge said.
“However, spot Bitcoin ETF approvals are contingent on 19b-4 filings filed by exchanges with the SEC to allow the funds to be traded.
“Based on the information we have at this point, we expect both S-1s and 19b-4s to be approved by the SEC in rapid succession.”
Finally, three people with knowledge said discussions with the SEC confirmed Wednesday's timeline but cautioned investors that the decision is ultimately in the SEC's hands.
*This is not investment advice.