Spot Bitcoin ​​ETF applicants submit an amended Form S-1 as a final step for approval.

Several applicants have submitted amended Form S-1 in the final step before approval for spot Bitcoin ETFs.

BlackRock, Ark Invest/21Shares, VanEck, WisdomTree, Invesco, Fidelity and Valkyrie all filed amended Form S-1s.

The filing includes some of the previously unannounced sponsor fees. BlackRock set the sponsor fee at 0.3%. VanEck had the lowest yield of any issuer to date at 0.25%. WisdomTree demanded a higher 0.5% fee.

“Damn BlackRock’s fees bitcoin BTC

+0.67%
The ETF will be 0.30%, per the S-1 just filed. This is much cheaper than I expected. Life has become much more difficult for everyone else. ETF Terrordome is no joke,” said Bloomberg ETF analyst Eric Balchunas.

Ark/21Shares also lowered its fees from 0.8% to 0.25% to become more competitive.

This comes a few days after the applicant filed a revised, possibly final, version of Form 19b-4. New filings have been filed for proposed funds from Grayscale Investments, Valkyrie, ARK 21Shares and Invesco. Cboe BZX exchange also submitted forms to VanEck, WisdomTree, Pando Asset AG and Franklin Templeton.

Once the final documents are filed, it is now up to the SEC to decide whether to approve Form 19b-4 and whether Form S-1 will become effective. If both of these occur, trading may begin the next day.

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