Grayscale, VanEck filed key paperwork indicating progress toward a spot ETF, prompting analysts to anticipate potential approvals starting as soon as this week.

What Happened: Grayscale Bitcoin Trust GBTC on Thursday filed a Form 8-A registration with the SEC, following Fidelity’s similar filing on Jan. 3. Also, VanEck Bitcoin Trust went ahead and filed its registration of securities with the SEC. 

Walter Bloomberg tweeted the filings showed advancement for applications. He noted Form 8-A allows trading on an exchange, and that filing the form is a major step towards the potential approval of a spot ETF.

Read Also: Spot Bitcoin ETF Debate Heats Up: ‘We Have Heard Nothing To Indicate…

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