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<ul>
 <li>BlackRock and Bitwise submit revised Bitcoin ETF documents amid price surge.</li>
 <li>Bitcoin’s $42,000 rally coincides with major players’ regulatory strides.</li>
 <li>Ongoing discussions hint at Bitcoin ETF approval momentum.</li>
</ul>
<p>Major players in the crypto space, BlackRock and Bitwise, are gearing up for a potential game-changer in the world of Bitcoin ETFs. The recent surge in Bitcoin prices, surpassing $42,000, adds momentum to their efforts as they submit a revised Spot Bitcoin ETF S1 document.</p>
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   <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" rel="noopener noreferrer nofollow">#Bitcoin</a> ETF S-1 (prospectus) amendment tonight. This one is from <a href="https://twitter.com/BlackRock?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@BlackRock</a>. SEC is obviously giving multiple issuers the same or very similar instructions. <a href="https://t.co/nk1yImZpXk" rel="noopener noreferrer nofollow">pic.twitter.com/nk1yImZpXk</a></p>— James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1731803324595208530?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 4, 2023</a>
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<p>The latest S-1 amendments from <a href="https://www.blackrock.com/us/individual" target="_blank" rel="noopener noreferrer nofollow">BlackRock</a> and Bitwise suggest a closer collaboration with the SEC, indicating a step forward in the approval process. Bloomberg ETF Strategist James Seyffart reported these developments, highlighting BlackRock’s entry into the arena with its S-1 amendment, coinciding with instructions issued by the SEC to multiple issuers.</p>
<p><a href="https://bitwiseinvestments.com/" target="_blank" rel="noopener noreferrer nofollow">BitwiseInvest</a> has also submitted a second S-1 amendment for its spot Bitcoin ETF, emphasizing the ongoing dialogues and collaborative efforts between issuers and regulatory authorities. While specific details remain undisclosed, the flurry of activities reflects a shared commitment to addressing concerns and progressing toward the approval of Bitcoin ETFs.</p>
<p>These recent submissions come after the US SEC engaged in discussions with Grayscale, BlackRock, and other applicants, underscoring the significance of these talks in navigating the complex regulatory landscape.</p>
<p>In a parallel development, BlackRock has allocated a seed capital of $100K for its Bitcoin ETF, reinforcing its commitment to this innovative financial instrument.</p>
<p>The <a href="https://cryptonewsland.com/bitcoin-surges-past-41k-amid-a-new-all-time-high-set-by-gold/" target="_blank" rel="noopener noreferrer nofollow">strong Bitcoin price rally</a>, reaching over $42,000 on December 4, is seen as a response to <a href="https://cryptonewsland.com/how-bitcoins-breakthrough-past-42k-sets-the-stage-for-a-50000-target/" target="_blank" rel="noopener noreferrer nofollow">positive developments expected</a> by January 10, 2024. Antoni Trenchev, co-founder of Nexo, noted that the speed of Bitcoin’s march towards $50,000 may hinge on the approval of a spot-Bitcoin ETF, with no guarantee of an immediate price boost even upon SEC approval.</p>
<p>As the crypto community eagerly awaits further details on these amendments, the collaborative efforts between major players and regulatory bodies suggest a dedicated push towards embracing Bitcoin ETFs in the financial landscape.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
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 <li><a href="https://cryptonewsland.com/blackrocks-bitcoin-etf-filing-fuels-grayscales-climb-towards-2023-peak/" rel="noopener noreferrer nofollow">BlackRock’s Bitcoin ETF Filing Fuels Grayscale’s Climb Towards 2023 Peak</a></li>
 <li><a href="https://cryptonewsland.com/blackrocks-spot-etf-a-key-driver-to-push-bitcoin-beyond-100k/" rel="noopener noreferrer nofollow">BlackRock’s Spot ETF – A Key Driver to Push Bitcoin Beyond $100k</a></li>
 <li><a href="https://cryptonewsland.com/blackrock-urges-urgent-approval-of-bitcoin/" rel="noopener noreferrer nofollow">BlackRock Urges Urgent Approval of Bitcoin Spot ETF from SEC</a></li>
 <li><a href="https://cryptonewsland.com/blackrock-spot-bitcoin-etf-rumored-to-be-approved/" rel="noopener noreferrer nofollow">Blackrock Spot Bitcoin ETF Rumored to Be Approved: A Surge to $40,000 on the Horizon?</a></li>
 <li><a href="https://cryptonewsland.com/blackrocks-ethereum-etf-filing-drives-eth-price-altcoin-season-soon/" rel="noopener noreferrer nofollow">BlackRock’s Ethereum ETF Filing Drives ETH Price, Altcoin Season Soon?</a></li>
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<p>The post <a href="https://cryptonewsland.com/blackrock-and-bitwise-present-revised-spot-bitcoin-etfs-amidst-price-surge/" rel="noopener noreferrer nofollow">BlackRock and Bitwise Present Revised Spot Bitcoin ETFs Amidst Price Surge</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

BlackRock and Bitwise Present Revised Spot Bitcoin ETFs Amidst Price Surge

Crypto News Land

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