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.
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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.
