BlackRock and Bitwise Update Their BTC ETF Applications with SEC

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BlackRock has recently filed an amended S-1 document with the Securities and Exchange Commission (SEC) for its proposed spot Bitcoin exchange-traded fund (ETF).

This follows a similar move made by Bitwise. While the SEC has not yet approved a spot Bitcoin fund and has delayed all applications received thus far, industry analysts believe that these actions indicate ongoing discussions between the SEC and potential issuers.

Bloomberg Intelligence analyst James Seyffart commented on the situation, stating that multiple issuers have received similar instructions from the SEC and that various filings suggest progress is being made.

In its updated filing, BlackRock has included changes related to monitoring for unusual price movements, anti-money laundering compliance, and an audited statement from PricewaterhouseCoopers.

This signals continued efforts from both the SEC and issuers to work towards a successful approval of a spot Bitcoin ETF.

Louis Adams https://www.satoshihodler.com

I am an experienced crypto news writer. I have been in the industry for many years and believe this tech can bring financial freedom to everyone.