Bloomberg: SEC Expected to Vote on ETF Issuers' 19b-4 Filings Next Week

According to sources familiar with the matter, Securities and Exchange Commission (SEC) staff has informed several exchanges and issuers seeking to list spot Bitcoin exchange-traded funds (ETFs) that they should submit a final version of the crucial 19b-4 document by this Friday. Two insiders stated that, following the latest revisions, staff members did not provide further feedback on the filings from several companies. The 19b-4 filing refers to a proposal to change the rules of a securities exchange, allowing for the trading of ETFs. Another source indicated that SEC commissioners are expected to vote on the 19b-4 trading rule filing next week. Typically, ETF approvals can be delegated to SEC staff without requiring a commissioner vote. It is currently unclear whether SEC staff provided additional feedback on the 19b-4 applications for all companies.