Sense

Grayscale and VanEck filed registrations to list shares of spot Bitcoin exchange-traded funds on NYSE Arca and the Cboe BZX Exchange, respectively.

While awaiting a decision from the United States Securities and Exchange Commission, asset managers Grayscale Investments and VanEck have filed notices with the financial regulator indicating they intend to register shares of a spot Bitcoin (BTC) exchange-traded fund on stock exchanges.

In separate Jan. 4 filings with the SEC, the VanEck Bitcoin Trust and Grayscale Bitcoin Trust used Form 8-A to register their shares as securities listed on the Cboe BZX Exchange and New York Stock Exchange Arca, respectively. The filings, part of registering an ETF with the SEC, followed a similar registration from the Fidelity Wise Origin Bitcoin Fund on Jan. 3.

Multiple spot BTC investment vehicle applications are in the SEC’s pipeline, with many in the space expecting the commission to decide on a potential approval in the next week. Some have speculated that the SEC could approve multiple listings ahead of a Jan. 10 deadline for a spot BTC ETF offering from ARK Invest and 21Shares.

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Bitcoin is worth around $43,850 today, with its price consolidating ahead of the key spot ETF decision in the U.S.

Bitcoin's (BTC) price has been intensely scrutinized as investors and analysts watch for signs of its next major move.

As of Jan. 5, BTC's price was stabilizing around $43,850 after a 4.75% drop from its local high, suggesting a cautious market awaiting decisive moves.

The drop appeared amid rumors of U.S. regulators rejecting a round of spot exchange-traded fund (ETF) applications, which have been a critical point of focus for the crypto community.

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