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As marked by the deadline that the U. S. Securities and Exchange Commission has set for the U. S. While the U. S. Securities and Exchange Commission (SEC) has given ETF applicants to submit the final modification to their Bitcoin S-1 ETF spot deposit, FOX Business’ Eleanor Terrett estimates that the firm will get a ton of applications reviewed. before the day is over.
A few days ago, the securities regulator announced Dec. 29 as the deadline for Bitcoin ETF spot applicants to make adjustments to their applications. Non-compliant ETF registrants would not stand a chance to be on the potential first approval circular, according to the SEC statement.
Notably, the announcement came after the agency held several meetings with representatives from BlackRock, Grayscale Investments, Fidelity Investments, ARK Invest 21Shares, and others who had equally filed a Bitcoin ETF application with the SEC. Before the announcement, BlackRock, Hashdex, and Pando resubmitted their revised S-1 filings to the regulator.
In BlackRock’s filing, the largest asset control firm highlighted a $10 million initial investment injection proposal for its Bitcoin spot ETF planned for Jan. 3, indicating that it is in a position for the upcoming launch.
Following the announcement of the December 29 deadline, a number of other filers began to update their filings. Grayscale filed another amendment with the SEC on Wednesday, just after its chairman Barry Silbert stepped down from the Board of Directors.
ARK 21Shares has also filed some other amendments with the U. S. SEC. U. S. Bitcoin’s application for spot Bitcoin ETFs. Fittingly, this is the duo’s fifth amendment since they first filed the document. Eric Balchunas, senior analyst at Bloomberg ETF, is convinced that this amendment may not be the last.
Meanwhile, the analyst and other experts remain very positive about the option of receiving SEC approval on Bitcoin ETF spot applications filed in the past. Sam Enzer, Partner, Cahill Gordon Law Firm
Renowned investor and advisor Mike Alfred claims that the odds of a one-time approval of a Bitcoin ETF are 98. 7% given the trends.
In the midst of all this, Bitcoin is doing well, as it recently surged to roughly $43,000. At the time of writing, the flagship cryptocurrency is trading at $42,876. 83 and experts will be able to earn more once the Bitcoin ETF is approved once.
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