TL;DR
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Last month, the SEC requested a bunch of changes to the ETF applications filed by the likes of BlackRock, Grayscale, Fidelity and others – which they’ve all since amended.
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What’s exciting is that for the first time since this process has started, the major stock exchanges responsible for listing these BTC ETFs have all filed the amended documents as well.
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Sure, it doesn’t guarantee an approval…But it’s a pretty solid indication that it’s going to happen some time this week.
Full Story
When you make a reservation at a restaurant, it’s not a binding agreement for you to show up…
But it’s a pretty solid indication that you’re going to be there.
Same goes for these new exchange filings for a potential spot Bitcoin ETF (aka a way to buy/sell BTC on the stock market).
Last month, the SEC requested a bunch of changes to the ETF applications filed by the likes of BlackRock, Grayscale, Fidelity and others – which they’ve all since amended.
That ain’t exciting in itself (this back-and-forth has been going on for months now).
What’s exciting is that for the first time since this process has started, the major stock exchanges responsible for listing these BTC ETFs have all filed the amended documents as well.
Ok, ok, “stock exchanges file required legal documents” isn’t all that exciting on the surface…
But it’s the ‘Bitcoin ETF equivalent’ of making a reservation at a restaurant.
Sure, it doesn’t guarantee an approval…
But it’s a pretty solid indication that it’s going to happen some time this week.
(Between now and Wednesday, to be specific!).
