BlackRock filed a revised S-1 filings for its spot Bitcoin ETF with the US SEC
Key Points:Â
- Bitwise and BlackRock filed a revised S-1 filings with the SEC for their proposed spot bitcoin ETFs.
- The SEC has yet to approve a spot bitcoin fund, but the recent filings from BlackRock and Bitwise suggest that progress is being made
- Bitcoin has surged amid speculation that the SEC could be getting ready to finally approve a spot fund.
In a recent development, both Bitwise and Blackrock filed a revised S-1 filings with the Securities and Exchange Commission (SEC) for their proposed spot bitcoin ETFs. These filings come amid ongoing discussions between the SEC and ETF issuers to address regulatory concerns and potentially pave the way for the approval of a spot bitcoin ETF.
Spot Bitcoin ETF Approval Inches Closer as BlackRock and Bitwise Update Filings
The SEC has yet to approve a spot bitcoin fund and has previously delayed all applications it has received. However, the recent filings from BlackRock and Bitwise suggest that progress is being made and that the SEC may be closer to approving a spot bitcoin ETF.
Analysts believe that the amended filings are a positive sign and indicate that discussions between the SEC and ETF issuers are ongoing. Bloomberg Intelligence analyst James Seyffart commented on the filings, stating, “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.”
BlackRock filed a revised S-1 filings, Signaling SEC Approval May Be Near
The updated BlackRock filing includes new language about efforts the trust administrator will take to monitor for unusual price movements. It also adds language about anti-money laundering compliance and includes an audited statement from PricewaterhouseCoopers.
Bitcoin has surged amid speculation that the SEC could be getting ready to finally approve a spot fund. The world’s largest cryptocurrency by market capitalization has surged 20.6% over the past month and is currently trading just under $42,000.The renewed activity surrounding spot bitcoin ETF applications suggests that the SEC is closer to approving a spot bitcoin fund. This could have a significant impact on the bitcoin market and the broader cryptocurrency space.
DISCLAIMER:Â The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Author
News
BlackRock filed a revised S-1 filings for its spot Bitcoin ETF with the US SEC
Key Points:Â
- Bitwise and BlackRock filed a revised S-1 filings with the SEC for their proposed spot bitcoin ETFs.
- The SEC has yet to approve a spot bitcoin fund, but the recent filings from BlackRock and Bitwise suggest that progress is being made
- Bitcoin has surged amid speculation that the SEC could be getting ready to finally approve a spot fund.
In a recent development, both Bitwise and Blackrock filed a revised S-1 filings with the Securities and Exchange Commission (SEC) for their proposed spot bitcoin ETFs. These filings come amid ongoing discussions between the SEC and ETF issuers to address regulatory concerns and potentially pave the way for the approval of a spot bitcoin ETF.
Spot Bitcoin ETF Approval Inches Closer as BlackRock and Bitwise Update Filings
The SEC has yet to approve a spot bitcoin fund and has previously delayed all applications it has received. However, the recent filings from BlackRock and Bitwise suggest that progress is being made and that the SEC may be closer to approving a spot bitcoin ETF.
Analysts believe that the amended filings are a positive sign and indicate that discussions between the SEC and ETF issuers are ongoing. Bloomberg Intelligence analyst James Seyffart commented on the filings, stating, “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.”
BlackRock filed a revised S-1 filings, Signaling SEC Approval May Be Near
The updated BlackRock filing includes new language about efforts the trust administrator will take to monitor for unusual price movements. It also adds language about anti-money laundering compliance and includes an audited statement from PricewaterhouseCoopers.
Bitcoin has surged amid speculation that the SEC could be getting ready to finally approve a spot fund. The world’s largest cryptocurrency by market capitalization has surged 20.6% over the past month and is currently trading just under $42,000.The renewed activity surrounding spot bitcoin ETF applications suggests that the SEC is closer to approving a spot bitcoin fund. This could have a significant impact on the bitcoin market and the broader cryptocurrency space.
DISCLAIMER:Â The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Other Posts
Related Posts
Latest
Best Altcoins to Buy Today: Qubetics Rides 1000x Potential to Hit $2.6M, Ethereum Stays Rangebound, Tron USDT Transactions Hit $52B
Crypto Advisory Council Now A White House Position Attracting Leaders
Press Release
Best Altcoins to Buy Today: Qubetics Rides 1000x Potential to Hit $2.6M, Ethereum Stays Rangebound, Tron USDT Transactions Hit $52B
Analyst Sounds Major Breakout Alert Amid Shiba Inu, WallitIQ, And Dogecoin Price Recoveries
