BlackRock, Bitwise File Updated Applications for Spot Bitcoin ETF
Summary
BlackRock and Bitwise, along with 11 other applicants, have filed amended S1 forms with the Securities and Exchange Commission (SEC), answering further queries from the regulator. While the exact nature of these questions is unclear, analysts had predicted changes would be required after meetings with the SEC last week. BlackRock's amended filing contained modifications relating to security, risks, disclosures, and trust structure, among other areas. The SEC is expected to decide on approving one or more spot bitcoin ETFs between January 5th and 10th, with a 90% predicted chance of approval.
