The world’s biggest asset manager, Blackrock, as well as Bitwise, have managed to file an amendment to their spot Bitcoin ETF applications with the U.S. SEC. The Securities and Exchange Commission has hosted multiple meetings with spot BTC exchange-traded fund issuers and exchanges in terms of their applications.
In this context, an analyst from Bloomberg said, “Both the SEC and these issuers are working hard to iron things out.”
Spot Bitcoin ETF Issuers Update Their Filings:
Two companies, Bitwise and Blackrock, filed an official amendment of sorts to their spot bitcoin ETF applications with the U.S. SEC on Monday.
James Seyffart, an analyst at Bloomberg, took to X to comment on the different filings, “They’re just pouring in. We have another spot on the Bitcoin ETF S-1 (prospectus) amendment tonight. This one is from Blackrock. SEC is obviously giving multiple issuers the same or very similar instructions.”
In another post on X, Seyffart also wrote, “The second S-1 (prospectus) amendment from Bitwise Invest is for their spot bitcoin ETF. Conversations still happening with SEC and potential issuers.”
The whole point of spot BTC ETFs obtaining approval from the SEC generated major excitement within the crypto space.
In this context, Anthony Pompliano, a Bitcoin enthusiast, speculated, “The Bitcoin ETF issuers are updating their applications so fast that you have to think they are all preparing for approval at the same time will kick off one of the most insane marketing blitzes in financial markets history as these large firms compete for billions in AUM.”
And that’s not all. Seyffart also opined, “The wheel is still turning. Both the SEC and these issuers are working hard to iron things out. These filings are likely the result of many conversations and a lot of man-hours on/between both sides.”On Friday, Seyffart further explained, “Really, this means that any potential approval orders are going to come on either Monday, Jan 8, Tuesday, Jan 9, or Wednesday, Jan 10. Mark your calendars, people.”
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