As the January 10 deadline approaches for the U.S. Securities and Exchange Commission (SEC) to decide on Spot Bitcoin Exchange-Traded Funds (ETFs), anticipation surges. Reports suggest the Bitcoin ETF approval date might be imminent, with asset managers potentially receiving notifications as early as Tuesday or Wednesday.
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Asset Managers Race Against the Clock
The SEC may soon inform applicants like BlackRock, VanEck, Fidelity, and Ark Invest about their approval status. Key details:
- Deadline: January 10 for Ark/21Shares’ ETF.
- Notification Window: Mid-week (Tuesday/Wednesday).
- Major Contenders: Valkyrie, Bitwise, WisdomTree, Franklin Templeton, and Invesco.
“The SEC may notify issuers as early as Tuesday or Wednesday for a launch the following week.” — Reuters
Friday Filing Frenzy
Asset managers submitted revised filings to meet SEC requirements:
| Firm | Key Update | Fee/Funding |
|----------------|--------------------------------------------|--------------------------|
| BlackRock | Market-maker arrangements | $10M seed |
| Fidelity | Proposed 0.39% fee | Wise Origin Bitcoin Fund |
| Bitwise | $200M seeding plan | 0.80% fee |
| Invesco | 0.59% fee (6-month waiver for $5B assets) | — |
Fee Wars and Market Competition
- Lowest Fee: Fidelity (0.39%).
- Waivers: Invesco’s temporary discount.
- Marketing: Expect aggressive campaigns post-approval.
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FAQs
1. When is the SEC’s Bitcoin ETF decision due?
The deadline for Ark/21Shares’ application is January 10, but approvals could come earlier.
2. Which firms are leading the race?
BlackRock, Fidelity, and Bitwise are top contenders with updated filings.
3. What are the proposed fees?
Fees range from 0.39% (Fidelity) to 0.80% (Valkyrie/Ark).
4. How will ETFs impact Bitcoin’s price?
Approval could trigger significant capital inflows, boosting market liquidity.
5. Are all ETFs likely to be approved simultaneously?
Yes, joint approvals would intensify competition among issuers.
The Road Ahead
A Bitcoin ETF approval could legitimize Bitcoin for institutional investors, potentially reshaping crypto markets. With fees and seeding plans finalized, the focus shifts to execution and adoption.
👉 Learn more about ETF market dynamics
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