Bitcoin ETF

Bitcoin

Spot

Two spot Bitcoin ETF candidates, BlackRock and Bitwise, have updated their S-1 filings with the United States Securities and Exchange Commission (SEC).&nbsp; 
While the SEC has yet to greenlight any Bitcoin ETF application and has even postponed its decision on the applications sometimes, it is believed that these subtle moves are an indication that key discussions in light of the product are currently ongoing.&nbsp; 
<h2 id="b-multiple-spot-bitcoin-etf-amendments-b">Multiple Spot Bitcoin ETF Amendments</h2> 
Senior Bloomberg ETF analyst James Seyffart <a href="https://twitter.com/JSeyff/status/1731804911350804573">shared the news of the amendment</a> on the X app on Monday.&nbsp; 
“They’re just pouring in,” Seyffart&nbsp;wrote on X. “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.” 
After having <a href="https://thecoinrise.com/sec-in-talks-with-grayscale-over-its-spot-bitcoin-etf-bid/">a chat with the SEC’</a>s Trading and Markets division over the intricacies of the company’s application to transform its GBTC into a spot Bitcoin ETF, Grayscale provided additional details on its <a href="https://thecoinrise.com/grayscale-updates-its-spot-bitcoin-etf-filing-with-the-sec/">proposed Bitcoin ETF in an amended filing</a>.&nbsp; 
Jonathan Steinberg-led ETF provider WisdomTree also <a href="https://thecoinrise.com/wisdomtree-files-amended-spot-bitcoin-etf-application/">filed an amendment</a> of its spot Bitcoin ETF filing. <a href="https://thecoinrise.com/vaneck-submits-updates-spot-btc-etf-application-details/">VanEck</a> and some other candidates have made a similar move. 
<h2 id="b-bloomberg-etf-analyst-predicts-more-s-1-updates-b">Bloomberg ETF Analyst Predicts More S-1 Updates</h2> 
It is worth noting that Seyffart’s colleague Eric Balchunas has earlier predicted that there were going to be a number of updated S-1 filings this week as a signal that the industry is nearing the window for a spot BTC ETF approval from the agency. The move made by these top asset management firms also confirms that they are cooperating with the SEC and heeding advice. 
Balchunas is positive that there will be no updated 19b-4s in this week because the SEC has asked all BTC ETF applicants to send them offline. Quite some applicants have updated their spot Bitcoin ETF applications with the regulator.&nbsp; 
<h2 id="b-no-spot-bitcoin-etf-first-mover-advantage-b-span-style-font-weight-400-span">No Spot Bitcoin ETF First-mover Advantage&nbsp;</h2> 
Meanwhile, there is still <a href="https://thecoinrise.com/bitcoin-spot-etf-is-closer-to-approval-cantor-fitzgerald/">so much optimism</a> that an approval for the new offering will eventually come on or before January 10, 2024. In addition to the 90% approval odds which was predicted by Seyffart and Balchunas, many experts are positive that the SEC will roll out mass approvals for all issuers. 
This is to avoid giving any of the spot BTC ETF applicants the satisfaction of “first-mover advantage.” 
The post <a href="https://thecoinrise.com/blackrock-and-bitwise-updates-spot-bitcoin-etf-s-1-filings/">BlackRock And Bitwise Updates Spot Bitcoin ETF S-1 Filings</a> appeared first on <a href="https://thecoinrise.com">Latest News and Insights on Blockchain, Cryptocurrency, and Investing</a>.

BlackRock And Bitwise Updates Spot Bitcoin ETF S-1 Filings

Table of Contents

TheCoinrise Media

Other articles published on Dec 5, 2023

Is It Too Late to Buy ORDI? ORDI Price Shoots Up 190% as New Telegram Casino Surpasses $3.3 Million

🗒 Daily Newsletter | Tuesday, December 05th, 2023

SHIB Price Analysis for December 5

FTT Price Faces Repeated Rejection At $5! Has FTX Token Achieved Its Top?

XRP Ledger Architect Reacts to Shocking Actions of SEC

FLOW Price Surges 12%; Will Flow Crypto Achieve $1.00 by December?

Join our free newsletter for daily crypto updates!