BlackRock and Bitwise Push for Spot Bitcoin ETF: Latest Updates

• BlackRock and Bitwise File Amended S1 Forms with SEC
• Amendments in Response to SEC Questions
• Subsequent Amendments Likely from Other Firms
• BlackRock's Adjusted Filing
• Potential Regulatory Impacts and Navigating Other Jurisdictions
• Upcoming SEC Decision on Spot Bitcoin ETFs

BlackRock and Bitwise File Amended S1 Forms with SEC

Asset management titan BlackRock, along with Bitwise, a cryptocurrency investment firm, have both recently filed updated S1 forms to the Securities and Exchange Commission (SEC). This action was performed in response to additional queries presumably posed by the regulatory body in prior discussions.

Amendments in Response to SEC Questions

The specific topics that the SEC requested more information on remain undisclosed. However, financial analysts had forecasted that revisions to the previous filings would transpire after several meetings took place between the SEC and the firms last week. These recent filings demonstrate that both entities are diligently striving to resolve any pending issues, as noted by Bloomberg Intelligence's James Seyffart.

Subsequent Amendments Likely from Other Firms

It is likely that other applicants, including Fidelity, Franklin$0.0015 -3.24% and WisdomTree, will follow the same path and submit their amendments soon, according to Seyffart.

BlackRock's Adjusted Filing

BlackRock's revised filing incorporated several changes, which spanned from themes such as security and risks, to disclosures and the Trust's structure. In its latest update, the asset management behemoth made a total of 21 significant amendments, as reported by CryptoSlate.

Potential Regulatory Impacts and Navigating Other Jurisdictions

Additional amendments touched on possible regulatory consequences on the ETF and strategies to navigate the regulatory landscape in other jurisdictions, including the UK and the EU.

Upcoming SEC Decision on Spot Bitcoin ETFs

The SEC is scheduled to decide whether or not to greenlight one or more spot bitcoin ETFs between January 5th and January 10th, marking the next and final deadline. Bloomberg analysts project a 90% probability that this development will indeed occur.

Edited by Jonathan Stoker