BTC PULSE
No Result
View All Result
Play Now
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Bitcoin

Final Push for Spot Bitcoin ETF Approval: SEC Sets December 29 Deadline

by Darius Ngetich
Dec 25, 2023 - 5:30 pm
in Bitcoin
Graphic representation of Bitcoin with SEC emblem, symbolizing the upcoming decision on spot Bitcoin ETFs.

Introduction

Applicants for a spot Bitcoin exchange-traded fund (ETF) are in a critical phase as they prepare to meet a significant deadline set by the United States Securities and Exchange Commission (SEC). This looming deadline could shape the landscape of cryptocurrency investment in the coming year.

SEC’s Imminent Deadline

The SEC has mandated a final deadline for spot Bitcoin ETF applicants to submit their S-1 amendments by December 29, according to a recent Reuters report. This move is seen as a pivotal moment for the cryptocurrency market, potentially paving the way for new investment opportunities.

Key Meetings and Participants

On December 21, SEC officials convened with representatives from several firms, including BlackRock, Grayscale Investments, ARK Investments, and 21 Shares. These meetings, critical in deciding the future of Bitcoin ETFs, also included prominent exchanges like Nasdaq and Chicago Board Options Exchange.

The First Wave of Approvals

The SEC has indicated that applications completed and filed by December 29 will be considered for the first wave of approvals slated for early January. This stipulation underscores the urgency for applicants to meet the upcoming deadline.

The Role of Fox Business and Reporting

Fox Business journalist Eleanor Terrett was among the first to report on this critical deadline, emphasizing the importance of the December 29 date for final amendments to all S-1 filings.

Shifting to Cash Redemption Models

Many applicants are now updating their S-1 filings to incorporate a cash redemption model. This shift is in response to the SEC’s preference over in-kind redemptions, reflecting a significant adjustment in the approach to Bitcoin ETFs.

The Authorized Participant Requirement

The SEC has also mandated the naming of authorized participants (APs) in filings. This requirement represents a crucial final step for applicants, as noted by Bloomberg ETF analyst Eric Balchunas.

The Current Status and Outlook

As of now, no applicant has an AP agreement in place, with several firms switching to a strict cash redemption model. Despite these last-minute updates, analysts remain optimistic about the SEC’s potential approval of the first spot Bitcoin ETFs by January 10.

Conclusion

The upcoming December 29 deadline marks a decisive moment for the cryptocurrency market, as applicants for the spot Bitcoin ETF position themselves for possible early 2024 approvals. The investment community eagerly awaits the SEC’s decisions, which could significantly impact the trajectory of Bitcoin and cryptocurrency investments.

Tags: BitcoinETFSEC
Darius Ngetich

Darius Ngetich

Darius Ngetich is a blockchain, crypto, and gaming enthusiast. He is also an animator, VFX Artist, and Game Developer, specializing in computers with vast experience in programs like Blender, Unity, and Unreal Engine. My passions are creating games and informing others about the latest developments in crypto, blockchain, and gaming.

Related Posts

Green Minerals headquarters and Bitcoin symbol representing strategic investment deal

Bitcoin Inflows From 2024-2025 Break 15-Year Record, Hitting $625B

September 15, 2025

Bitcoin on-chain inflows reached $625B in 1.5 years, outpacing 15 years of growth. Institutional demand and Fed policy...

Wall Street financial district with Bitcoin symbol representing institutional adoption

Wall Street Veteran Jordi Visser Predicts Big Bitcoin Allocation Boost by Year-End

September 14, 2025

Jordi Visser forecasts US institutions will increase Bitcoin allocations before year-end, boosting Q4 demand and setting up portfolios...

China Renaissance invests $100M in BNB through MoU with YZi Labs

China Renaissance Commits $100M to BNB in Landmark Treasury Move

August 22, 2025

China Renaissance invests $100M in BNB, signing MoU with YZi Labs to push adoption and regulated listings in...

BlackRock CEO Larry Fink speaking at the World Economic Forum

Bitcoin’s biggest Wall Street backer takes the wheel at World Economic Forum

August 15, 2025

BlackRock CEO Larry Fink joins André Hoffmann as interim co-chair of the WEF board, signaling stronger ties between...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • About Us
  • Advertise
  • BTC-PULSE
  • Contact Us
  • Events
  • Privacy Policy
  • Sitemap
  • Terms of Service