The U.S. Securities and Exchange Commission (SEC) has sent comments to prospective clients. Bitcoin ETF The issuer followed the revised Form S-1 filed by the applicants Monday.
Perianne Boring, founder of the Digital Chamber of Commerce, a blockchain trade association, wrote: Twitter Others disagreed that the move constituted a “delayed signal.” Bloomberg Intelligence analyst James Seyffart assert That wasn’t necessarily the case. “In fact, this shows how quickly the SEC is changing things,” he said, adding that sending a document to the SEC in the morning and receiving comments the same day is “unprecedented.” “If they wanted a delay, the issuers would have responded tonight.” “I wouldn’t have received it,” he said.
An individual familiar with this opinion supported Seyffart’s claim, saying: CoinDesk The issuers were expected to file updated documents on Tuesday with comments addressing “minor details” of Form S-1. meantime, fox business Journalist Eleanor Terrett said many of those who received additional comments said they were “not concerned” and that the SEC had “not communicated any change in plans.”
Citing three sources related to this matter: Axios A spot Bitcoin ETF could be approved by Wednesday, with more than one fund reporting that it was preparing to begin trading on Thursday morning.
Updated S-1 filing
The S-1 filing, updated on Monday, shows that prospective Bitcoin ETF issuances are engaging in a “fee war” as they race to disclose fee structures that offer more attractive returns to investors.
Last week saw a flurry of activity from companies hoping to launch the first Bitcoin exchange-traded fund in the U.S., with prospective issuers VanEck and Bitwise announcing in their amended S-1 filings that the companies would commit millions of dollars to future ETFs. It has been revealed that it is seeding. dollar.
Bloomberg Intelligence analysts gave the ETF a 95% chance of being approved in January.
But not everyone is so optimistic. While SEC Chairman Gary Gensler posted a series of tweets on Monday warning of the risks of investing in cryptocurrencies, Chamber of Digital Commerce’s Perianne Boring said the SEC could support physical bitcoin. There are still concerns that it may block ETFs from entering the market. “Chairman Gensler does not want to go down without a fight.” tweeted. “We look forward to a successful launch this week.”
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