Recently, numerous companies have issued listing certificates for Bitcoin Spot Exchange Traded Funds (ETFs). These include 21Shares & ARK Spot Bitcoin ETF, Invesco Galaxy Bitcoin ETF, VanEck, Franklin and Fidelity Spot Bitcoin ETF.
Listing certificates announced on the SEC's official website were shared with their filing dates and participation numbers.
The issuance of a listing certificate represents a crucial step in the process of listing a security on an exchange. It shows that the security meets the necessary conditions and standards set by the stock exchange. However, it is important to note that the issuance of a listing certificate does not mean that the security will automatically be listed.
Bitcoin Spot ETFs are expected to be approved by the SEC tonight, but there may be surprises. Bloomberg experts give the possibility of approval a 95% probability.
Bloomberg analyst Eric Balchunas explained the following in his post commenting on the issue:
“Apparently the first “acceleration request” (the launch request that the SEC tells issuers to submit today, the same day as everyone else, in this case January 11) has arrived. We were expecting these around 11pm, but it's okay if it's earlier (ARK is always first in this regard), this is the final step of the S-1 event. Fasten your seat belts.”
*This is not investment advice.
