Spot Bitcoin ETF applications published in Federal Register, SEC review begins

- The spot Bitcoin exchange-traded fund applications recently filed by some of the world’s largest asset managers have been published in the Federal Register, moving them one step closer to possible approval in the Securities and Exchange Commission’s review process.

The major change that was added to the re-filed applications was the naming of Coinbase as the exchange partner for surveillance-sharing agreements , which many believe was the critical piece missing from spot BTC ETF applications that had been rejected previously. With the applications now published in the Federal Register, the SEC has a window of time to accept or reject the request, extend the time allowed, or open the application for public comment.

This means it's possible there could be a ruling in early August, but there is also the potential that the SEC could extend the review process until March 2024.

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