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WASHINGTON – The U.S. Securities and Exchange Commission (SEC) has set a December 29, 2023 deadline for issuers of cash exchange-traded funds (ETFs). Meeting this deadline is crucial for applicants who wish to be considered for the first round of approvals, which is expected to take place in early January.
The SEC’s decision to set a specific deadline is an important moment for potential issuers because it provides a concrete timeline for the review process. The move comes amid growing interest in cryptocurrency-related investment products and broader integration of digital assets into traditional financial markets.
Companies looking to launch a spot Bitcoin ETF have worked to align with regulatory requirements, emphasizing the need for strong frameworks to address SEC concerns, such as market manipulation and investor protection .
As the December 29 deadline approaches, issuers are preparing to finalize their applications, paving the way for what could be a transformative period in the availability of bitcoin-linked investment vehicles on regulated exchanges .
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