The SEC will vote on the Bitcoin ETF next week, and trading may start as early as the next business day after approval

According to Jin10's report, companies seeking to launch a spot Bitcoin ETF have cleared a major hurdle this week in obtaining approval from the U.S. Securities and Exchange Commission (SEC) in the coming days. Four informed sources revealed that SEC staff has instructed several exchanges and issuers seeking to launch ETFs to submit the final version of a key document as early as Friday. Two of these sources stated that after making the latest revisions, staff did not provide additional feedback on certain companies' documents. These documents, known as 19b-4 filings, propose modifications to stock exchange rules for facilitating the listing and trading of ETFs. According to another source, it is expected that SEC will vote on the exchange rule filing next week. The issuer also needs SEC approval for the final version of its S-1 filing (i.e., ETF prospectus). If both documents are approved, the related ETF could potentially begin trading as early as the next business day.