In the context of the U.S. Securities and Exchange Commission (SEC) reaching the penultimate stage of spot Bitcoin ETF approval, the date of launch for the proposed ETFs remains unanswered. It also remains to be seen if the US SEC officials would notify the ETF approval announcement to all the 11 applicants at once or in batches.<\/p>\n
Also Read: Bitcoin Halving Nears 100 Day Countdown; BTC Price Rally To Begin?<\/strong><\/a><\/p>\n <\/p>\n Earlier, CoinGape reported<\/a> that the SEC commissioners would hold a vote on the approval of Bitcoin ETFs early in the next week. This comes after 11 spot Bitcoin ETF applicants updated their 19b-4 amendments, while the S-1 filings are expected by Monday, January 8, 2024. Reports said that the US SEC staff had no additional feedback to the 19b-4 amendments for many of the filers. With this, Eric Balchunas, Bloomberg Intelligence analyst, quoted sources saying that the SEC officials are preparing all the applicants for a Bitcoin ETF launch on January 11, 2024.<\/p>\n It was earlier anticipated that there would be a gap of several days between the day of announcement from the SEC and the commencement of trading of ETFs. When it comes to the paperwork related to the SEC\u2019s requirements, the analyst said<\/a> \u201cit\u2019s basically done.\u201d<\/p>\n \u201cLatest I am hearing (from multiple sources) that final S-1s are due 8am on Monday as SEC is trying to line everyone up for Jan 11th launch.\u201d<\/p>\n <\/p>\n<\/blockquote>\n <\/p>\n Reuters quoted executives and representatives of five investment management firms stating that the final discussions involving SEC officials and stock exchanges happened in the right direction towards a spot ETF approval early in the week starting January 8, 2024. The applicants reportedly believe<\/a> they would \u201creceive final approval of S-1 filings by late Tuesday or Wednesday,\u201d which is in line with the deadline the SEC faces in regard to the Ark 21Shares Bitcoin ETF.<\/p>\n Minor changes are pending from three firms who are expected to make amendments to paperwork before 8 AM ET on Monday, January 8, 2024, in what could be officially the final acts from the ETF filers before approval.<\/p>\n Also Read: Bitcoin ETF: How Likely Is US SEC To Give Early Approval?<\/strong><\/a><\/p>\nJanuary 11 Bitcoin ETF Launch?<\/h2>\n
\n
Final Approval By January 9 Or 10<\/h2>\n
![\"coingape\"](\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"){kind=logo}
![\"\"](\"https:\/\/secure.gravatar.com\/avatar\/69560a4be8debdb70e914532faf8168a?s=200&d=mm&r=g\"\/)
![\"\"](\"https:\/\/secure.gravatar.com\/avatar\/69560a4be8debdb70e914532faf8168a?s=200&d=mm&r=g\")