BlackRock and Bitwise Lead the Way with Updated Spot Bitcoin ETF Applications
TL;DR Summary
Asset manager BlackRock and crypto investment firm Bitwise have filed amended S1 forms with the SEC, indicating that they are addressing further questions from the regulator regarding their spot Bitcoin ETF applications. The updated filings include changes related to security, risks, disclosures, and the structure of the Trust. Other applicants, including Fidelity and WisdomTree, are expected to follow suit. The SEC is expected to make a decision on approving spot Bitcoin ETFs by January 10th, with analysts predicting a 90% chance of approval.
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