The SEC Receives Amendment to BlackRock’s Bitcoin ETF Filing
BlackRock has submitted an amendment to its Bitcoin exchange-traded fund (ETF) filing, indicating ongoing efforts by the Securities and Exchange Commission (SEC) and issuers to address regulatory concerns. The updated filing includes new language regarding monitoring for unusual price movements and anti-money laundering compliance. It also includes an audited statement from PricewaterhouseCoopers. The filing emphasizes that the trust will only interact with known third-party service providers who have undergone a thorough KYC process. Bitcoin’s price has surged recently amid speculation that the SEC may approve a spot fund. The cryptocurrency is currently trading just below $42,000.
About the Author
Anna, a senior policy reporter and assistant editor at The Block, has a background in political journalism and extensive experience covering cryptocurrency policies and adoption globally. She owns bitcoin and a sentimental gift NFT.
Hot Take: BlackRock’s Amendment Signals Progress for Bitcoin ETF Approval
The recent amendment to BlackRock’s Bitcoin ETF filing indicates that progress is being made towards securing regulatory approval. By addressing concerns related to monitoring for unusual price movements and anti-money laundering compliance, BlackRock is demonstrating its commitment to meeting regulatory requirements. The inclusion of an audited statement from PricewaterhouseCoopers further enhances transparency and credibility. This development comes at a time when Bitcoin’s price is surging, fueled by anticipation of a potential spot fund approval by the SEC. If approved, the ETF could provide institutional investors with easier access to Bitcoin, further driving its adoption and potentially boosting its price.
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