BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home BREAKING NEWS

Bitcoin ETF Applicants Face Critical Deadline for SEC Filings in the US

BlockNews.com Team by BlockNews.com Team
December 29, 2023
in BREAKING NEWS, CRYPTO, POLITICS
Reading Time: 3 mins read
7
SHARES
112
VIEWS
Share on XShare in TelegramShare on Reddit
  • The US is on the verge of possibly approving a spot Bitcoin ETF, with a key deadline set by the SEC for Dec. 29.
  • Applicants are required to file final amendments and establish a cash-create redemption model, a preferred SEC approach.
  • The outcome will determine the first wave of potential spot BTC ETF approvals, expected early next year.

As the clock ticks towards a pivotal moment in the cryptocurrency world, the spotlight turns to the US Securities and Exchange Commission (SEC) and its set deadline of December 29. This date marks a critical juncture for the hopeful applicants of a spot Bitcoin (BTC) exchange-traded fund (ETF).

The Push for a Spot Bitcoin ETF

The journey to this moment began with the SEC’s announcement last week, outlining specific requirements for spot Bitcoin ETF applicants. This included the necessity of filing final S-1 amendments and signing an agreement with an authorized participant (AP). Moreover, the SEC emphasized its preference for the cash-create redemption model, a methodology that contrasts with the in-kind creation process prevalent in most existing ETFs.

ARK kicks off the S-1 Amendment-athon. Ahead of the pack as usual. Unclear yet what was changed tho, AP mentioned a ton but not named. Assuming that will prob come in the very final effective update just prior to launch. But we still don't know if they have signed agreement. https://t.co/mcNgpoR451

— Eric Balchunas (@EricBalchunas) December 28, 2023

This shift towards a cash-create model stems from the SEC’s intent to minimize intermediary access to actual Bitcoin in the redemption and offering processes. The rationale behind this approach is to reduce the number of hands dealing with the physical Bitcoin, thereby tightening control and possibly mitigating risks like money laundering.

The Current Landscape and Analyst Insights

As of December 22, the race among the 14 applicants saw a divide, with half adhering strictly to the cash-create model and the others incorporating both cash-create and in-kind models in their filings. Eric Balchunas, a senior ETF analyst at Bloomberg, sheds light on the SEC’s strategy, explaining the commission’s preference for a more closed system with limited intermediaries handling the actual Bitcoin.

With the deadline approaching, speculation mounts on which applicants will emerge in the anticipated first wave of approvals, likely in early January. The recent amendment filing by ARK and 21Shares, notably lacking the specific name of an AP, adds to the suspense. This omission underscores the uncertainty still hovering over the process as the final amendments and agreements are awaited.

Anticipation and Uncertainty

The decision on these applications is more than just a regulatory hurdle; it symbolizes a significant step for the cryptocurrency market in the United States. If approved, these ETFs could pave the way for broader acceptance and integration of cryptocurrencies into mainstream finance. However, the outcome remains uncertain, with the industry and investors eagerly awaiting the SEC’s response to these groundbreaking applications.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: Bitcoin ETFUS
Tweet2ShareShare
BlockNews.com Team

BlockNews.com Team

The go-to news source for Cryptocurrency, Blockchain, Technology, & Finance

DON'T MISS THESE! HOT OFF THE PRESS

Gavin Newsom Teases “Trump Corruption Coin” in Latest Jab at President Trump
CRYPTO

Gavin Newsom Teases “Trump Corruption Coin” in Latest Jab at President Trump

September 2, 2025
Strategy Expands Bitcoin Treasury: 4,048 BTC Added in $449M Purchase
BITCOIN

Strategy Expands Bitcoin Treasury: 4,048 BTC Added in $449M Purchase

September 2, 2025
VeChain Price Prediction: Can VET Hit $0.035 in September 2025?
CRYPTO

VeChain Price Prediction: Can VET Hit $0.035 in September 2025?

September 2, 2025
Musk’s DOGE Treasury Push: A $200M Dogecoin Fund on the Horizon
CRYPTO

Musk’s DOGE Treasury Push: A $200M Dogecoin Fund on the Horizon

September 2, 2025
XRP and JP Morgan: Why This News Is Shaking Things Up
CRYPTO

XRP and JP Morgan: Why This News Is Shaking Things Up

September 2, 2025
PENGU Holds Key Support as Traders Wait for Next Move
CRYPTO

PENGU Holds Key Support as Traders Wait for Next Move

September 2, 2025
Load More

Related News

Gavin Newsom Teases “Trump Corruption Coin” in Latest Jab at President Trump

Gavin Newsom Teases “Trump Corruption Coin” in Latest Jab at President Trump

September 2, 2025
Strategy Expands Bitcoin Treasury: 4,048 BTC Added in $449M Purchase

Strategy Expands Bitcoin Treasury: 4,048 BTC Added in $449M Purchase

September 2, 2025
VeChain Price Prediction: Can VET Hit $0.035 in September 2025?

VeChain Price Prediction: Can VET Hit $0.035 in September 2025?

September 2, 2025
Musk’s DOGE Treasury Push: A $200M Dogecoin Fund on the Horizon

Musk’s DOGE Treasury Push: A $200M Dogecoin Fund on the Horizon

September 2, 2025
XRP and JP Morgan: Why This News Is Shaking Things Up

XRP and JP Morgan: Why This News Is Shaking Things Up

September 2, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews