October 2021 in the US was all about Bitcoin ETFs. Approved for the first time National Stock Market Commission a financial product linked to digital gold. At that time he received Bitcoin Strategy ETF (BITO) of the investment firm ProShares was the first to receive the go-ahead from the SEC. Thereafter, investors were able to trade a securitized investment product with Bitcoin futures as the underlying on the New York Stock Exchange (NYSE) for the first time. ETF’s valkyrie and VanEck he made his debut shortly after.
In fact, the crypto space has been waiting for a Bitcoin ETF to be approved in the US for quite some time. With the go-ahead in October of last year, the SEC unleashed a real domino effect. Since then, numerous investment firms have attempted to launch their own Bitcoin ETFs, with more or less success. BTC-ECHO shows you which applications are currently pending with the SEC and when the US Securities and Exchange Commission has a decision to make, as long as you don’t push the deadline any further. The data comes from Bloomberg Intelligence.
ARK 21Shares Bitcoin ETF
The ARK 21Shares Bitcoin (ARKB) ETF has been awaiting judgment since June 2021. The SEC has repeatedly delayed its decision on whether to approve or deny it. In general, the stock exchange supervisory authority can delay its decision for 180 days. The authority last made use of this at the end of January this year. The new deadline is now April 3. An additional exchange is not possible. However, no one knows how the SEC will decide on the Bitcoin Spot ETF.
Teucrium Bitcoin Futures Fund
The Teucrium Bitcoin Futures ETF has also been awaiting SEC approval since May of last year. The stock market control authority has already postponed its decision on several occasions. The final date is now April 8.
Valkyrie XBTO Bitcoin Futures Fund
Continue with Valkyrie’s XBTO Bitcoin Futures Fund. The application for a futures-based ETF has been with the SEC since the end of July 2021. The SEC is now set for May 7, 2022. Whether the ETF will also receive the SEC’s blessing is another question.
One River Carbon Neutral Bitcoin Trust
One River’s Carbon Neutral Bitcoin Trust has also been awaiting an SEC verdict since May 24 last year. The authority today only postponed its decision on the financial product. The new deadline is now June 2.
Bitwise Bitcoin ETP Escrow
A similar fate befalls Bitwise’s Bitcoin ETP Trust. The investment company had already submitted the application for the cash ETF in mid-October. According to Bloomberg Intelligence, a decision is expected on July 1, 2022. It is not clear how this will turn out, or if the verdict will be postponed again.
Grayscale Bitcoin Trust
The largest Grayscale BTC fund in the world is also on the list. Ever since the SEC approved the first Bitcoin ETFs in the US, Grayscale has been looking to convert its Bitcoin Trust (GBTC) into a spot ETF. The asset manager had already submitted a corresponding request in October last year. According to Bloomberg Intelligence, the SEC’s decision on this is now expected to be made on July 6.
Wisdomtree Bitcoin Trust
Wisdomtree’s Bitcoin Trust (BTCW) completes the list of Bitcoin ETFs. Introduced on August 12 last year, the spot ETF has so far been awaiting a decision from the SEC. The authority had rejected a similar product from the asset manager at the end of December 2021. Whether the dice will fall differently this time remains to be seen. The deadline is October 12, 2022.
You want to buy Cardano (ADA)?
We show you the best providers where you can buy and sell Cardano in a few minutes.
to the guide