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International Business Times
International Business Times
Business
Nica Osorio

SEC's Response To Bitcoin ETF Filings 'Borderline Unheard Of' As It Races Against Time: Experts

SEC Bitcoin ETF James Seyffart

KEY POINTS

  • The SEC had set 8 a.m. Monday as deadline for hopeful spot Bitcoin ETF issuers to submit their paperwork
  • Applicants that received feedback on their filings Monday should file their updated documents Tuesday
  • The SEC has to approve both the 19b-4 and S-1 filings before the Bitcoin ETF can start trading

The U.S. Securities and Exchange Commission on Monday scrambled to evaluate and answer spot Bitcoin exchange-traded fund (ETF) filings of hopeful issuers as it raced against time ahead of the Wednesday deadline. Industry watchers and analysts described the regulator's immediate response as "borderline unheard of."

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