Bitcoin ETF Filing Updates Trigger Market Speculation

BlackRock and VanEck, two of the 13 firms seeking to launch bitcoin exchange-traded funds (ETFs) in the U.S., have filed updated documents following quick responses from the U.S. Securities and Exchange Commission (SEC). The filings show an unprecedented level of engagement between the SEC and prospective issuers, with changes aimed at addressing shareholder protection and conflicts of interest. The SEC is expected to approve all applications this week ahead of a January 10 deadline, potentially approving them together for fairness.