Multiple spot crypto ETF applications go to Federal Register in step toward SEC approval

Spot BTC ETF applications from major firms, including BlackRock and Fidelity, have entered the next stage of the SEC's application process.

as a surveillance-sharing partner following reports the SEC considered the previous filings insufficient.

The five applications followed one from Bitwise published in the register on July 18, with a spot BTC ETF application from Valkyrie expected on July 21. These dates give the SEC an initial window of 45 days — until early August — to reach a decision, but the commission has the option of extending the process for up to 240 days — until March 2024 — for final approval or denial.

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