Bloomberg: SEC commissioners are expected to vote next week on the 19b-4 filings submitted by Bitcoin spot ETF issuers

ChainCatcher news, according to Bloomberg citing informed sources, SEC commissioners are expected to vote next week on the 19b-4 filings submitted by ETF issuers. Typically, ETF approvals can be delegated to SEC staff without a commissioner vote. It is currently unclear whether SEC staff have provided additional feedback on the 19b-4 applications from all companies.

Additionally, issuers also need the SEC to sign off on the final version of their S-1 filing, which is the prospectus document for the ETF. The approvals for the 19b-4 and S-1 forms may or may not occur simultaneously, but usually the S-1 form is approved after the 19b-4 form. If both approvals are obtained, the ETF could begin trading as early as the next business day after approval.