Bitcoin ETF

Bitcoin

Spot

<img width="2560" height="1707" src="https://coingape.com/wp-content/uploads/2023/12/Bitcoin-ETF-2-scaled-1.jpg" class="attachment-full size-full wp-post-image" alt="Bitcoin ETF" decoding="async" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2023/12/Bitcoin-ETF-2-scaled-1.jpg 2560w, https://coingape.com/wp-content/uploads/2023/12/Bitcoin-ETF-2-scaled-1-300x200.jpg 300w, https://coingape.com/wp-content/uploads/2023/12/Bitcoin-ETF-2-scaled-1-1224x816.jpg 1224w, https://coingape.com/wp-content/uploads/2023/12/Bitcoin-ETF-2-scaled-1-768x512.jpg 768w, https://coingape.com/wp-content/uploads/2023/12/Bitcoin-ETF-2-scaled-1-1536x1024.jpg 1536w, https://coingape.com/wp-content/uploads/2023/12/Bitcoin-ETF-2-scaled-1-2048x1366.jpg 2048w, https://coingape.com/wp-content/uploads/2023/12/Bitcoin-ETF-2-scaled-1-150x100.jpg 150w, https://coingape.com/wp-content/uploads/2023/12/Bitcoin-ETF-2-scaled-1-272x182.jpg 272w" sizes="(max-width: 2560px) 100vw, 2560px">
<p>Applicants of the spot Bitcoin ETF continue to be on their toes as BlackRock and Bitwise submitted a fresh ETF S1 prospectus on Monday night. The development took place as the Bitcoin price rallied all the way past $42,000 in a strong start to the week.</p> 
<h3 id="final-days-before-the-bitcoin-etf-approval">Final Days Before the Bitcoin ETF Approval</h3> 
<p>In a recent update, Bloomberg ETF Strategist James Seyffart reported new developments in the journey toward a spot Bitcoin ETF. BlackRock, a major player in the financial industry, has submitted an S-1 amendment, <a href="https://coingape.com/blackrock-makes-compelling-case-for-bitcoin-etf-in-latest-sec-meetup/" target="_blank" rel="noopener">signaling its entry</a> into the arena. This comes amidst apparent coordination by the SEC, which has been issuing similar instructions to multiple issuers.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">UPDATE: They're just pouring in. We have another spot <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> ETF S-1 (prospectus) amendment tonight. This one is from <a href="https://twitter.com/BlackRock?ref_src=twsrc%5Etfw">@BlackRock</a>. SEC is obviously giving multiple issuers the same or very similar instructions. <a href="https://t.co/nk1yImZpXk">pic.twitter.com/nk1yImZpXk</a></p> 
 <p>— James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1731803324595208530?ref_src=twsrc%5Etfw">December 4, 2023</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Furthermore, BitwiseInvest has also made a second S-1 amendment for its spot Bitcoin ETF. The ongoing conversations between issuers and the SEC reflect the complexities involved in navigating regulatory pathways. The continuous amendments and submissions indicate the collaborative efforts and extensive discussions taking place to address concerns and streamline the process.</p> 
<p>While the specific details of these amendments are yet to be disclosed, the flurry of activities suggests a concerted effort on both sides – regulatory authorities and issuers – to progress towards the eventual approval of Bitcoin ETFs.</p> 
<p>These developments reinforce the notion that applicants are investing considerable time and effort to move closer to the goal, despite the intricacies involved in the regulatory landscape. Just two days before, the <a href="https://coingape.com/web-stories/sec-meets-grayscale-blackrock-for-bitcoin-etf-approval-talks/" target="_blank" rel="noopener">US SEC met Grayscale</a>, BlackRock, and other applicants over the Bitcoin ETF talks.</p> 
<p>Seyffart’s colleague at Bloomberg Eric Balchunas also <a rel="nofollow" href="https://twitter.com/EricBalchunas/status/1731838160575885672" target="_blank">shared</a> that BlackRock has already provided a <a href="https://coingape.com/blackrock-seed-spot-bitcoin-etf-october/" target="_blank" rel="noopener">seed capital of $100K</a> for its Bitcoin ETF.</p> 
<h3 id="the-btc-price-rally">The BTC Price Rally</h3> 
<p>The Bitcoin price has registered a strong rally <a href="https://coingape.com/bitcoin-btc-price-smashes-past-40000-first-time-in-18-months-whats-next/" target="_blank" rel="noopener">shooting past $42,000</a> on Monday, December 4. Analysts believe that the recent price rally comes amid strong and positive developments regarding Bitcoin, expected to arrive by January 10, 2024. Speaking to CNBC, Antoni Trenchev, co-founder of digital asset company Nexo <a rel="nofollow" href="https://www.cnbc.com/2023/12/04/bitcoin-tops-40000-for-first-time-in-2023-on-etf-hopes-bets-on-fed-cuts.html" target="_blank">said</a>:</p> 
<p>“Now that $40,000 has been revisited for the first time in almost 19 months, $48,000 and $52,000 look to be the next significant lines in the sand. How swiftly Bitcoin marches towards $50,000 might well depend on when a spot-Bitcoin ETF is approved and even then, there’s no guarantee the much anticipated nod from the SEC will put a rocket booster under the price”.</p> 
<p>The post <a rel="nofollow" href="https://coingape.com/blackrock-submits-a-revised-spot-bitcoin-etf-s1-document-expect-the-good-news-soon/">BlackRock &amp; Bitwise Submits A Revised Spot Bitcoin ETF S1 Document, Expect the Good News Soon</a> appeared first on <a rel="nofollow" href="https://coingape.com">CoinGape</a>.</p>

BlackRock & Bitwise Submits A Revised Spot Bitcoin ETF S1 Document, Expect the Good News Soon

Table of Contents

Coingape News Media

Other articles published on Dec 5, 2023

Retik Finance (RETIK) Officially Announces Presale, Project Set To Revolutionize the Defi Industry

$90 Million Altcoin Transfer from FTX to Coinbase! Price Dropped!

Robinhood Crypto Trading Volume Surges by 75% in November

What Is Web3 Gaming? Top Web3 Games And Crypto Companies

Marathon Digital mined 1,187 BTC in November amidst record network difficulty

Microsoft’s Billions and OpenAI’s Pivot – The Unsettling Truth About AI’s Future

Join our free newsletter for daily crypto updates!