VanEck after grayscale, Form 8A Files: Here’s What It Means
ARK Investment Management and 21Shares have filed registration for the ARK 21Shares Bitcoin ETF. Earlier today, VanEck officially filed Registration of securities for the Spot Bitcoin ETF with the U.S. Securities and Exchange Commission (SEC). This move comes amid growing expectation for the approval of the first spot Bitcoin ETF in the United States. They join a list of more than a dozen applicants, including notable firms like Fidelity and Grayscale, all seeking this pioneering financial product.
ARK and VanEck Applications Intensify the Race
The journey to launch a Spot Bitcoin ETF in the United States has been marked by growing optimism despite concerns of potential rejection. Form 8-A is a very important step for registering securities with Cboe BZX. This comes as the SEC has until January 10 to decide on ARK 21Shares’ ETF. Meanwhile, the step taken by VanEck also loyalty Competition has been intensifying in the final days leading up to the SEC’s decision. Similarly, Fidelity and Grayscale have made great progress with their respective applications, highlighting growing interest in this new investment avenue.
Strategic Positioning of Goldman Sachs
Goldman Sachs has also emerged as a major player, seeking significant roles in both BlackRock and Grayscale’s ETFs. This participation The increasing number of major financial institutions reflects the growing legitimacy and interest in cryptocurrency-based financial products. The industry is now eagerly awaiting the SEC’s decision, which is expected to be made between January 8-10.
A Balanced Path to Validation
Recent developments, including Fidelity’s approval from the CBOE to list its Bitcoin ETF offering, mark important milestones in the regulatory journey. But it’s important to note that these advances do not imply SEC approval for trading, as Bloomberg ETF analyst James Seyffart emphasized. The approval process requires completion of various regulatory formalities, including form 19b-4 and S1 applications.
The latest filings by ARK, VanEck and Grayscale were combined with a reported meeting between the SEC and fund managers. to approve Spot said the Bitcoin ETF race is at a critical stage. Next week is set to be a turning point for cryptocurrency investment in the US, with the possibility of the first ETFs to begin trading.
Also read: Bitcoin Halving Attracts Attention, Pay Attention to ‘Rich Dad Poor Dad’ Author
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Kelvin is a distinguished author specializing in crypto and finance, with a bachelor’s degree in Actuarial Science. Known for her sharp analysis and insightful content, she is fluent in English and specializes in comprehensive research and on-time delivery.
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