SEC Alert: Bitcoin ETF Countdown Begins - Notifications Imminent!
In a thrilling update for the crypto world, the U.S. Securities and Exchange Commission (SEC) is gearing up to notify approved ETF issuers, setting the stage for potential launches ahead of the January 10 deadline.
D-Day Approaches: January 10 Decision Nears for Ark Investments and 21Shares!
With the January 10 deadline looming for the SEC's decision on the spot Bitcoin ETF proposed by industry giants Ark Investments and 21Shares, the regulatory body is on track to inform asset managers about the fate of their own ETF applications. According to insider reports from Reuters, the much-anticipated notifications could roll out as early as Tuesday or Wednesday next week.
Race to Launch: Asset Managers Eyeing January 10 Decision Deadline!
For asset managers who met the year-end deadline, the race is on to launch their ETFs in sync with the critical January 10 decision deadline. Notable contenders include Valkyrie, Bitwise, WisdomTree, Franklin Templeton, BlackRock, VanEck, and Invesco. Early notifications could pave the way for an exhilarating launch for those securing the regulatory green light.
Elite 14 in the Spotlight: Asset Managers in the ETF Approval Arena!
Among the 14 asset managers vying for approval of similar ETFs, some have already submitted intricate forms to the SEC, detailing sponsor fees and technical specifics. Fidelity takes the lead with the lowest proposed sponsor rate at an impressive 0.39%. While other contenders keep their rates under wraps, the competition is reaching a boiling point.
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