TL; DR
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Last month, the SEC requested a number of changes to the ETF filings filed by the likes of BlackRock, Grayscale, Fidelity and others – all of which have since amended them.
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What’s exciting is that for the first time since this process began, the major exchanges responsible for listing these BTC ETFs have all submitted the amended documents as well.
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Certainly, that is not the case Guarantee an endorsement… But it’s a pretty solid indication that it’s going to happen sometime this week.
Full story
When you make a reservation at a restaurant, it is not a binding agreement that you will show up…
But it’s a pretty solid indication that you’ll be there.
The 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 number of changes to the ETF filings filed by the likes of BlackRock, Grayscale, Fidelity and others – all of which have since amended them.
That in itself is not exciting (this back and forth has been going on for months).
What’s exciting is that for the first time since this process began, the major exchanges responsible for listing these BTC ETFs have all submitted the amended documents as well.
Okay, okay, “scholarship file requires legal documents” isn’t that exciting at first glance…
But it’s the ‘Bitcoin ETF equivalent’ of making a reservation at a restaurant.
Certainly, that is not the case Guarantee an approval…
But it’s a pretty solid indication that it’s going to happen sometime this week.
(Between now and Wednesday, to be precise!).