As the week concludes, the United States Securities and Exchange Commission (SEC) appears to be moving closer to approving a spot Bitcoin exchange-traded fund (ETF). Eleven applicants for spot Bitcoin ETFs have submitted 19b-4 amendment forms, signalling a crucial stage in the SEC approval process. Major asset managers, including BlackRock, Valkyrie, Grayscale, and others, filed these amendments on January 5, setting the stage for potential regulatory approval of a spot Bitcoin ETF valued at $43,641. The completion of S-1 documents is now essential for the U.S. exchanges to list investment securities directly linked to cryptocurrency exposure, marking one of the final stages in the approval process.