Bitcoin Spot ETF could see SEC greenlight, Grayscale Investments files amended S-3 sets 1.5% fee

Bitcoin Spot ETFs are likely to receive the US financial regulator’s approval as early as this week, according to a Bloomberg report. BTC holders are awaiting the Securities and Exchange Commission’s (SEC) greenlight on the securities product with the upcoming deadline on January 10.

Bloomberg reports that insiders speculate the regulator will use the January 10 deadline to announce their decision on several Spot Bitcoin ETF applications at once. Nearly a dozen applicants are awaiting the SEC decision and have lined up seed capital and marketed their Spot BTC ETF product.

• Grayscale Investmens, one of the largest cryptocurrency asset managers in the ecosystem amended its S-3 filing, according to a recent Reuters report. The asset management giant set a 1.5% fee for its proposed Bitcoin Spot ETF. 
• The crypto asset manager named Jane Street, Virtu, Macquarie, Flowtraders, Flow Desk and ABN Amro as authorized participants for its ETF product. Authorized participants handle the redemption/ creation mechanism for an ETF.
• Bitcoin Spot ETFs could be approved if two technical requirements are met. 
• The SEC has set a deadline for 8 AM ET (1300 GMT) on Monday for issuers to file their amended S-1 forms. For a Bitcoin Spot ETF to start trading the SEC requires: 19b-4 filings from exchanges and S-1 forms from issuers. The amendment to S-1 forms and 19b-4s are in, according to the latest update on the SEC website.