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As today marks the deadline that the United States Securities and Exchange Commission (SEC) gave to ETF applicants to submit the final amendment of their spot Bitcoin ETF S-1 filing, FOX Business’s Eleanor Terrett believes that the agency will receive a ton of revised applications before the day ends. 
<h2 id="strong-approaching-bitcoin-etf-s-1-amendment-deadline-strong">Approaching Bitcoin ETF S-1 Amendment Deadline</h2> 
A few days back, the securities regulator announced December 29 as the <a href="https://coingape.com/us-sec-announces-dec-29-deadline-for-spot-bitcoin-etf-applications/">deadline</a> for spot Bitcoin ETF applicants to make changes to their applications. ETF filers who fail to comply would not stand the chance to be considered for the first wave of potential approval, per the SEC’s statement.&nbsp; 
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 <a href="https://coingape.com/bitcoin-etf-blackrock-hashdex-and-pando-asset-submit-revised-s1-filings/">resubmitted</a> their revised S-1 filings to the regulator.&nbsp; 
In BlackRock’s filing, the top asset management firm highlighted a proposed $10 million seed funding injection for its spot Bitcoin ETF scheduled for January 3, indicating its readiness for the coming launch.&nbsp; 
Following the announcement of the December 29 deadline, a number of other filers began to update their filings. Grayscale<a href="https://coingape.com/breaking-grayscale-makes-another-amended-bitcoin-etf-filing-after-silberts-exit/"> filed</a> another amendment with the SEC on Wednesday, just after its chairman Barry Silbert stepped down from the Board of Directors.&nbsp;&nbsp; 
ARK 21Shares has also <a href="https://coingape.com/breaking-ark-invest-21shares-file-another-amendment-to-bitcoin-etf-filing/">filed another amendment</a> with the U.S. SEC for its spot Bitcoin ETF application. Precisely, this is the duo’s fifth amendment since they initially submitted the document. Senior Bloomberg ETF analyst Eric Balchunas is positive that this amendment may not be the last one.&nbsp; 
<h2 id="strong-bitcoin-price-jumps-amid-likely-approval-sentiments-strong">Bitcoin Price Jumps Amid Likely Approval Sentiments</h2> 
Meanwhile, the analyst and other experts are still very positive about the potential of receiving approval from the SEC on the already-submitted spot Bitcoin ETF applications. Sam Enzer, partner at law firm Cahill Gordon &amp; Reinel believes that the agency is likely to give the <a href="https://coingape.com/bitcoin-etf-attorney-says-us-secs-holiday-week-meetings-means-its-coming/">greenlight to a bunch of applications</a> to offer spot Bitcoin ETFs before January 10, 2024. 
Renowned investor and advisor&nbsp;Mike Alfred says the <a href="https://coingape.com/odds-of-spot-bitcoin-etf-approval-at-98-7-xrp-attorney-john-deaton-agrees/">odds</a> of a spot Bitcoin ETF approval is at 98.7% considering the recent trends.&nbsp; 
Amidst all these, Bitcoin is performing well as it recently surged to nearly $43,000. At the time of this writing, the flagship cryptocurrency is trading at $42,876.83 and experts believe that it can gain more once spot Bitcoin ETF approval comes. 
The post <a href="https://coingape.com/bitcoin-etf-applicants-faith-grows-as-amendment-deadline-looms/">Bitcoin ETF: Applicants Faith Grows as Amendment Deadline Looms</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Bitcoin ETF: Applicants Faith Grows as Amendment Deadline Looms

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