The U.S. Securities and Exchange Commission (SEC) has established a deadline of December 29 for spot Bitcoin ETF applicants to finalize their filing amendments. Spot Bitcoin ETF issuers have been informed that applications fully updated and submitted by this date will be considered in the initial wave of decisions. Notably, the SEC has emphasized that filings mentioning the in-kind creation method will not be considered, urging the use of the cash creation method. This move comes as various spot Bitcoin ETF applications, including those from BlackRock, await regulatory approval, with market participants anticipating potential approval for multiple spot Bitcoin ETFs simultaneously. (Source: Bitcoin.com)
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