BlackRock and VanEck Update S-1 Forms for Spot Bitcoin ETF
BlackRock and VanEck have submitted updated S-1 forms to the SEC for the approval of their spot bitcoin ETF. The SEC is expected to declare the S-1s as effective by Wednesday, potentially ending the wait for spot bitcoin ETF approval in the US.
Changes Made to the S-1 Filings
BlackRock and VanEck have made several modifications to their S-1 filings based on comments from the SEC. These changes include addressing potential harm to shareholders in case of insolvency and preventing conflicts of interest among authorized participants of ETFs.
Quick Response from the SEC
The SEC has been swift in responding to the spot Bitcoin ETF issuers’ S-1 submissions. While there have been some delays, experts believe that 19b-4 filings are a strong indication of imminent spot Bitcoin ETF approval.
Likely Approval on Wednesday
Insiders suggest that there have been constructive discussions between the SEC and issuers, pointing towards a possible approval of spot Bitcoin ETF on Wednesday, January 10.
Hot Take: Spot Bitcoin ETF Approval Expected This Week
The wait for spot Bitcoin ETF approval in the US may finally be over this week. With BlackRock and VanEck submitting updated S-1 forms and constructive discussions with the SEC, there are positive indications for a potential approval by Wednesday. If approved, this could open up new opportunities for investors and further mainstream adoption of cryptocurrencies.
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