The US Securities and Exchange Commission (SEC) is facing a busy schedule of Bitcoin spot exchange-traded fund (ETF) applications pending approval or rejection.
Eight Bitcoin spot ETFs from different backers have submitted their bids to the SEC, hoping to launch the first such product on the US market.
The SEC was reluctant to approve the BTC spot ETF, citing concerns about market manipulation, investor protection, and custody. However, the regulator has recently approved several BTC futures ETFs that have attracted significant interest and trading volume.
The first BTC spot ETF proposal that the SEC is expected to decide is the ARK 21Shares Bitcoin ETF, which was re-applied by 21Shares and ARK Invest on June 28, 2021. The SEC has set August 13, 2023, to approve or reject the proposal, or to extend the review period for another 240 days. The deadline for the SEC to make a decision is December 27, 2023.
The ARK 21Shares BTC ETF plans to be listed on the CBOE BZX Exchange and use Coinbase as its custodian.
Here is the list and dates of BTC Spot ETF filings that the SEC has pending:
ARK 21Shares Bitcoin ETF (Reapply) (ARKB) 21 Shares/ARK Invest
- Application Date: 28/06/21
- 19b-4 Release Date: 04/25/23
- 19b-4 SEC Date: 09/05/23
- SEC Next Deadline: 13/08/23
- SEC Deadline: 27/12/23
iShares Bitcoin Trust – BlackRock
- Application Date: 15/06/23
- 19b-4 Release Date: 06/29/23
- SEC Next Deadline: 02/09/23
- SEC Deadline: 15/03/24
Bitwise Bitcoin ETP Trust (Reapply) – Bitwise
- Application Date: 14/10/21
- 19b-4 Release Date: 28/06/23
- SEC Next Deadline: 01/09/23
- SEC Deadline: 14/03/24
VanEck Bitcoin Trust (Reapply) – VanEck
- Application Date: 30/12/20
- 19b-4 Release Date: 30/06/23
- SEC Next Deadline: 03/09/23
- SEC Deadline: 03/16/24
Wisdomtree Bitcoin Trust (Reapply) (BTCW) – Wisdomtree
- Application Date: 30/12/20
- 19b-4 Release Date: 30/06/23
- SEC Next Deadline :03/09/23
- SEC Deadline: 03/16/24
Invesco Galaxy Bitcoin ETF (Reapply) – Invesco & Galaxy
- Application Date: 21/09/21
- 19b-4 Release Date: 30/06/23
- SEC Next Deadline: 03/09/23
- SEC Deadline: 03/16/24
Wise Origin Bitcoin Trust (Reapply) – Fidelity
- Application Date: 24/03/21
- 19b-4 Release Date: 04/25/23
- SEC Next Deadline: 03/09/23
- SEC Deadline: 03/16/24
Valkyrie Bitcoin Fund (Reapply) (BRRR) – Valkyrie Investments
- Application Date: 22/01/21
- 19b-4 Release Date: 03/07/23
- SEC Next Deadline: 06/09/23
- SEC Application Deadline: 19/03/24
*Not investment advice.