Bloomberg: Approval of Spot Bitcoin ETF Could Initiate Trading as Early as Next Business Day

Analysis suggests that before the Bitcoin spot ETF can commence trading, two technical requirements must be met. Firstly, the SEC needs to approve the 19b-4 filing submitted by the exchange intending to list the ETF. Secondly, the SEC must approve the relevant S-1 form.

The SEC plans to vote on the 19b-4 filing submitted by the exchange in the coming days. It remains uncertain whether the SEC will take action on the issuer's application (S-1) at the same time. If the SEC approves the Bitcoin spot ETF, the earliest possible start for ETF trading could be the following business day.

A representative from the SEC declined to comment on the current status of the applications.