According to a document released by the US SEC ( SEC ), a Bitcoin Spot ETF application submitted by a crypto assets company has been accepted in the form of an S-1 filing that has long been sought after by the Tether ( USDT ) issuer. This is the first time the SEC has accepted a Bitcoin Spot ETF application in the form of an S-1 filing.
Previously, the SEC has required cryptocurrency companies to apply for Bitcoin ETF using the S-1 form under the "Securities Act of 1933", rather than the form 19b-4 under the "Investment Company Act of 1940". This requirement has prevented many cryptocurrency companies from submitting applications.
It is currently unclear which crypto assets company specifically submitted the application. However, it is widely believed in the industry that this move could pave the way for other crypto assets companies to submit Bitcoin spot ETF applications.
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According to a document released by the US SEC ( SEC ), a Bitcoin Spot ETF application submitted by a crypto assets company has been accepted in the form of an S-1 filing that has long been sought after by the Tether ( USDT ) issuer. This is the first time the SEC has accepted a Bitcoin Spot ETF application in the form of an S-1 filing.
Previously, the SEC has required cryptocurrency companies to apply for Bitcoin ETF using the S-1 form under the "Securities Act of 1933", rather than the form 19b-4 under the "Investment Company Act of 1940". This requirement has prevented many cryptocurrency companies from submitting applications.
It is currently unclear which crypto assets company specifically submitted the application. However, it is widely believed in the industry that this move could pave the way for other crypto assets companies to submit Bitcoin spot ETF applications.