Part 11/16:
Regarding ongoing applications, the process involves two key filings: the 19B4, which deals with application approval to list ETFs, and the S1, which pertains to creating a new public company dedicated to ETF operations. The SEC's evolving response—initial delays, recent comments, and amendments—indicates a possible move toward approving multiple ETF proposals simultaneously.
Strategic and Regulatory Considerations
Participants deliberate on why the SEC may be delaying or scrutinizing ETF applications. They speculate that it could be a strategic move to align all approvals and avoid favoritism, or potentially to mitigate political implications, as some officials may have differing viewpoints on Bitcoin.