BlackRock and Bitwise Submit Updated Spot Bitcoin ETF Applications to SEC

BlackRock’s bitcoin ETF filing update comes just an hour after Bitwise’s updated filing submission.
BlackRock and Bitwise Submit Updated Spot Bitcoin ETF Applications to SEC

The biggest asset management, BlackRock, revised its filing to the U.S. Securities and Exchange Commission on December 4 for a spot Bitcoin (BTC) exchange-traded fund (ETF) through its subsidiary, iShare Bitcoin Trust. The similar move has also been taken by Bitwise which submitted its updated filing just an hour before BlackRock’s update. 

James Seyffart, a Bloomberg analyst, provided an update on X and stated that the SEC is likely in communication with all spot Bitcoin ETF issuers, providing them with guidance on the matter as revisions are released subsequently.

The trust has increased its efforts to oversee and manage atypical pricing fluctuations, as detailed in the BlackRock application update. Along with an extensive audited report on the trust, it has also updated anti-money laundering compliance.

“To resolve issues, the SEC and these issuers are putting forth a lot of effort. According to Seyffart, these files are probably the outcome of numerous discussions and man hours on both sides.

The frequent revisions to filings indicate that at least one ETF may go live sooner rather than later, given that the SEC has not yet approved any of the spot Bitcoin ETFs for more over a dozen applications.

More From The Kangaroo Times

Total
0
Shares
Related Posts
Total
0
Share