Blackrock, the world’s largest asset manager, and Bitwise have filed an amendment to their spot bitcoin exchange-traded fund (ETF) applications with the U.S. Securities and Exchange Commission (SEC). The SEC has held meetings with exchanges and spot bitcoin ETF issuers regarding their applications. “Both the SEC and these issuers are working hard to iron things out,” said a Bloomberg analyst.
Spot Bitcoin ETF Issuers Update Their Filings
Two companies, Blackrock and Bitwise, filed an amendment to their spot bitcoin exchange-traded fund (ETF) applications with the U.S. Securities and Exchange Commission (SEC) on Monday.
Commenting on the filings, Bloomberg analyst James Seyffart wrote on social media platform X:
They’re just pouring in. We have another spot 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 X post, he wrote: “Second S-1 (prospectus) amendment from Bitwise Invest for their spot bitcoin ETF. Conversations still happening with SEC and potential issuers.”
The prospect of spot bitcoin ETFs receiving SEC approval has generated significant excitement within the crypto community. Bitcoin enthusiast Anthony Pompliano speculated: “The bitcoin ETF issuers are updating their applications so fast that you have to think they are all preparing for an approval at the same time that will kick off one of the most insane marketing blitzes in financial markets history as these large firms compete for billions in AUM.”
Seyffart 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.
The Bloomberg analyst explained on Friday that the window for a spot bitcoin ETF approval is officially Jan 5 to Jan 10. “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,” he wrote on X. Bloomberg is predicting a 90% chance of a spot bitcoin ETF approval by Jan. 10.
Do you think the SEC will approve spot bitcoin ETFs in January? Let us know in the comments section below.
#Regulation, #BitcoinETFApprovals, #Bitwise, #Blackrock, #Bloomberg, #Crypto, #CryptoEtfs, #Cryptocurrency, #SEC, #SpotBitcoinETFs