Grayscale Investments and VanEck both have initiated the process to register shares of a spot Bitcoin exchange-traded fund (ETF) on stock exchanges, filing notices with the United States Securities and Exchange Commission (SEC) on January 4.
These filings, using Form 8-A, aim to list their shares on the Cboe BZX Exchange and New York Stock Exchange Arca, respectively, as part of the ETF registration process.
Several applications for spot BTC investment vehicles are currently under SEC review, and there’s anticipation within the industry regarding a potential decision in the coming week. Speculation suggests that multiple ETF listings could be approved before the Jan. 10 deadline for an offering from ARK Invest and 21Shares.
However, these Form 8-A filings, while a step toward ETF registration, do not guarantee SEC approval. Bloomberg ETF analyst James Seyffart advised monitoring approvals specifically through the 19B-4 Form and completed S-1 document.
Grayscale’s chief legal officer Craig Salm and CEO Michael Sonnenshein have posted ambiguous messages on X amidst the anticipation surrounding the SEC’s impending decision.
