BlackRock, VanEck Update Bitcoin ETF Filing Within Hours of Quick SEC Response
Summary
BlackRock and VanEck, two of 13 firms hoping to launch bitcoin exchange-traded funds (ETFs) in the U.S., have filed updated documents. The U.S. Securities and Exchange Commission (SEC) had sent comments to these prospective issuers, prompting the updates. Changes in the latest filings aim to protect shareholders in case of insolvency and prevent conflicts of interest between the ETF’s authorized participants. The SEC is expected to approve all applications this week, ahead of a January 10, 2024 deadline for one of the applications by Ark and 21 Shares.
