United States Securities and Exchange Commission (SEC) has set a deadline for a spot Bitcoin exchange-traded fund (Bitcoin ETF). Applicants have only a few days to finalize their fillings as the deadline is December 29, 2023.
According to reports, on December 21, the SEC officials called a meeting with representatives of at least seven firms where they discussed launching spot Bitcoin ETFs at the beginning of 2024. The attendees of BlackRock, Grayscale Investments, ARK Invest, and 21 Shares- were present in the meeting.
It is also reported that representatives of the exchanges that would potentially list the new product, including Nasdaq and the Chicago Board Option (CBO), as well as lawyers and issuers were also present in that meeting.
At the meeting, regulators reportedly told all attendees that any issuer that doesn’t follow the deadline (December 29, 2023), will not be part of the first wave of potential spot Bitcoin ETF approvals at the start of January 2024.
First Person who shares news about Bitcoin ETF
Fox Business journalist Eleanor Terrett was the first who spread the news on the deadline of Bitcoin ETF. Later, she confirmed the date for final amendments to all S-1s by Friday, December 29.
Terett wrote on X (formerly Twitter), “Confirming the date for final amendments to all S-1s by Friday the 29th. The @SECGov has told issuers that applications that are fully finished and filed by Friday will be considered in the first wave. Anyone who is not will not be considered. In addition, the filling cannot mention in-kind creation or they will be rejected.”
Earlier, on December 22 she shared a post regarding the same but was not sure.