Several asset managers, including BlackRock, Ark Invest, VanEck, and others, have filed amended Form S-1s with the U.S. Securities and Exchange Commission (SEC) in the final step toward potential approval of a spot Bitcoin exchange-traded fund (#etf ).
The amended filings include details such as sponsor fees and the identities of market makers, which are essential for the SEC's consideration. While the filings indicate a significant push for the approval of spot #BTC ETFs, it's important to note that approval is not guaranteed for any asset manager at this time. The SEC is expected to review the filings and make a decision, with the potential for trading to begin soon after approval. The amended S-1 submissions are seen as a positive sign for the prospects of spot #Bitcoin ETFs, but the final decision rests with the SEC.
The recent amended S-1 filings by various asset managers, including BlackRock, Ark Invest, and others, for spot Bitcoin ETFs indicate a significant step toward potential approval noticed by #CoinClub . The filings include essential details such as sponsor fees and the identities of market makers, which are crucial for the SEC's consideration. While this is a positive development, it's important to note that approval is not guaranteed at this stage. The SEC will review the filings and make a decision, and if approved, #trading could begin shortly after. The filings are seen as a positive sign for the prospects of spot Bitcoin ETFs, but the final decision rests with the SEC.