US SEC Leadership Change Triggers Bitcoin ETF Application Wave

Coinbase's listing has accelerated the process of crypto assets entering the mainstream financial world, and has also injected a shot in the arm for Bitcoin ETFs to land in the US market. This year, 8 Bitcoin ETFs have already submitted listing applications to the US Securities and Exchange Commission (SEC), and the SEC has announced it will review 3 of these ETFs. Last week, the New York Stock Exchange on behalf of Valkyrie Digital Asset Management published the 19B-4 form for issuing a Bitcoin ETF. According to the process, the SEC needs to make a clear response within 45 days, including approval, rejection, or extending the review period.