Major Companies Submit Spot Bitcoin ETF Applications Except Hashdex
Date: 2024-01-09 Author: Dima Zakharov Categories: BUSINESS
In a recent report by Fox News journalist Eleanor Terrett, anticipation is building for the events of the current week. Terrett highlighted the successful conclusion of the official application period for spot Bitcoin ETFs to the U.S. Securities and Exchange Commission (SEC). She pointed out that all major companies, with the exception of Hashdex, have provided the regulator with updated S-1 and S-3 forms in the case of Grayscale Investment.
Terrett assured that "if they do not submit their application at the last minute today, then the issuers have completed all their homework and theoretically will be ready to launch spot Bitcoin ETFs this week." The final list of companies includes Grayscale, Ark/21Shares, Blackrock, BitWise, VanEck, WisdomTree, Invesco, Fidelity, Valkyrie, and Franklin Templeton.
A spot Bitcoin ETF is an investment fund that allows investors to buy and sell bitcoins at the current market price. It will be traded on a traditional exchange that tracks or replicates the performance of the flagship digital currency. Experts anticipate that the first approval could be granted as early as January 10.
Grayscale Investments is a leading provider of digital asset investment products, while Ark/21Shares offers a wide range of cryptocurrency products. BlackRock is one of the world's largest investment firms, Bitwise Asset Management specializes in cryptocurrency investment solutions, and VanEck is a financial institution known for its diverse range of ETF offerings. WisdomTree is a global investment company specializing in ETFs, Invesco is an international financial organization, and Fidelity Investments is a major institution providing a wide range of financial services. Valkyrie Investments and Franklin Templeton also represent significant international firms in the investment sector.
