
April 28th, 2025
If approved, VanEck’s filing would establish one of the first spot Bitcoin ETFs in the United States.
Grayscale and VanEck, alongside other firms, have submitted Form 8-A to the SEC, marking a significant move towards potential approval of the first spot Bitcoin ETF in the US.
Recent meetings of major exchanges, including NYSE, Nasdaq Composite, the Chicago Board Options Exchange, and the SEC have sparked speculation about the timing and potential approval of a spot Bitcoin ETF.
This latest sale also follows the pattern of ARK Invest of closely monitoring not only the price of the assets it holds but their value compared to other assets.
Insiders familiar with the proceedings indicate that the SEC may begin notifying issuers of approval starting Friday, paving the way for potential trading to commence as early as the following week.
The Matrixport founder believes that, in the long run, BTC will maintain its position as a store of value and a risk-hedging asset, surpassing gold.
According to sources familiar with the ongoing ETF proceedings, an approval could be announced on Friday, with trading beginning as early as next Monday.
Goldman Sachs’ Head of Digital Assets Mathew McDermott has emphasized the potential impact of approving spot Bitcoin and Ether ETFs on the cryptocurrency market.
On January 2, Bitcoin hit $45,000, which was the highest level it had reached since April 2022.
Fidelity Investments filed form S-1 with the US SEC on December 29, 2023, to offer the Fidelity Wise Origin Bitcoin Fund shares via Cboe BZX Exchange.
Matrix on Target raises concerns about the potential market impact if the SEC rejects all Bitcoin ETF proposals by the January deadline.
As per his share sale plan, Michael Saylor will be selling 5,000 MSTR stocks daily over the next four months to raise MicroStrategy’s Bitcoin holdings.
The anticipation of this approval has contributed to the recent rally in Bitcoin prices, currently hovering around $45,000.
The Mad Money host described the recent Bitcoin rally above $45K as a remarkable comeback that was unexpected.
The latest report also suggests that Jane Street Capital will be the “authorized participant” for the Bitcoin ETFs of Fidelity.