-
Cryptocurrency investors eagerly awaiting SEC ruling on bitcoin ETFs
Crypto investors are eagerly awaiting an imminent ruling from the SEC that will likely approve the trading of a spot bitcoin ETF, more than a decade after initial attempts were rejected. There are two components to the applications: 1) A 19b-4 filing, which is a form used by exchanges to inform the SEC of a proposed rule change. In this case, a rule change is required under the Securities and Exchange Act of 1934 because a spot bitcoin ETF is a new product, and the exchanges (NYSE, Nasdaq and Cboe) must provide rules to explain how the product will trade. The SEC must approve the rule changes before the product can ... (full story)