Major Challenges in Bitcoin ETF Applications Addressed - Koin Newsletter

Companies trying to set up a spot Bitcoin exchange-traded fund (ETF) in the U.S. managed to overcome major hurdles this week.

According to Bloomberg, the Securities and Exchange Commission has told applicants to register by Friday.

SEC executives are expected to make a clear decision on the applications within the next week.

The SEC is required to approve both forms 19b-4 and S-1. If both registrations are approved, the process can start within days.

Over the past few days, several issuers, including BlackRock and Fidelity, have filed up-to-date registrations with the SEC.

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