Insider: Multiple spot Bitcoin ETFs may start trading on Thursday

According to Axios, three informed sources revealed that a spot Bitcoin ETF could potentially receive regulatory approval as early as Wednesday, with more than one fund preparing to launch trading on Thursday morning. It is expected that the applications containing S-1 filings will immediately take effect for some funds, clearing the way for trading.

It is reported that the approval is related to 19b-4 filings, which are submitted by exchanges to the SEC to allow trading of these funds. The sources stated that both S-1 and 19b-4 approvals are expected to be obtained soon. In addition, the three individuals also added that discussions with the SEC confirmed the schedule for Wednesday but reminded that the final decision still lies with the SEC.