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

According to a report from Bloomberg citing anonymous sources, it is expected that SEC commissioners will vote on the 19b-4 filings submitted by ETF issuers next week. Normally, approval of ETFs can be delegated to SEC staff without requiring commissioner votes. It is currently unclear whether SEC staff provided additional feedback on all companies' 19b-4 applications. In addition, issuers also need SEC to sign the final version of their S-1 filings, which is the prospectus document for the ETF. Approval of the 19b-4 and S-1 forms by the SEC may or may not occur simultaneously, but typically S-1 forms are approved after the 19b-4 forms. If both approvals are obtained, the ETF can begin trading on the next business day after approval. As previously reported by BlockBeats, 11 bitcoin spot ETF applicants, including BlackRock, Valkyrie, Ark Invest, Fidelity, Bitwise, Grayscale, Hashdex, Invesco, WisdomTree, Franklin Templeton, and VanEck, have all submitted revised 19b-4 filings.