Firms looking to launch spot-Bitcoin exchange-traded funds cleared a major hurdle this week on the path to gaining sign-off from US regulators in coming days.
Securities and Exchange Commission staff told several exchanges and issuers seeking to list the ETFs that they should submit a final version of a key document as soon as Friday, according to four people familiar with the matter who asked not to be named because the discussions are private.
The staff had no additional feedback on the paperwork for several of the firms after the latest amendments, two of the people said.
The documents are what are known as 19b-4 filings, which are proposals for rule changes on stock exchanges that will allow the ETFs to be traded.
The SEC commissioners are expected to vote on the exchange-rule filings next week, according to another person familiar with the process.
Often, ETF approvals can be delegated to SEC staff without a vote by commissioners. It's unclear if SEC staff had no additional feedback for all of the firms' 19b-4 filings.
