Scoop: Bitcoin ETFs could start trading as soon as Thursday

Between the lines: Filings containing prospectuses, known as S-1s, are expected to be declared effective immediately for some funds, clearing the way for trading, all three people said.

• Approvals are tied to so-called 19b-4 filings, submitted to the Securities and Exchange Commission by the exchanges to permit the trading of the funds.
• Both the S-1s and 19b-4s are expected to be approved quickly after one another for specific funds, the people said.
• All three people said that conversations with the SEC confirm that Wednesday timeline, but cautioned that the decision remains with the regulator.

The SEC did not respond to a request for comment Monday evening.

State of play: Ten ETF shops filed amended S-1 filings Monday morning, showing some of the final details — namely fees — that usually appear in those applications before they're declared effective.