On the 4th, BlackRock, the world’s largest asset management company, and Bitwise, a crypto asset investment company, each filed revised versions of their S1 forms with the US Securities and Exchange Commission (SEC). provided additional information that may have been pointed out by the SEC during its discussions.
It’s unclear what specific topics the SEC asked filers to provide detailed information on, but analysts said that after several meetings between the SEC and filers last week, previous filings were I expected changes to be made. Bloomberg Intelligence’s James Seyffart said on X (formerly Twitter) that the filing shows both parties are “working hard to resolve the situation.”
Seifert said amendments by the 11 other filing companies, including Fidelity, Franklin Templeton and WisdomTree, are also likely to be made soon.
BlackRock’s updated filing included several changes, ranging from topics such as security, risk and disclosure to the structure of the trust. CryptoSlate pointed out that BlackRock’s latest update brought a total of 21 notable fixes. Others include potential regulatory implications for ETFs and how to navigate the regulatory landscape in other jurisdictions such as the UK and EU.
The SEC is expected to make a decision on whether to approve one or more Bitcoin spot ETFs between January 5th and January 10th, the next deadline. Bloomberg analysts predict a 90% chance of approval.
｜Translation and editing: Rinan Hayashi
｜Original text: BlackRock, Bitwise File Updated Applications for Spot Bitcoin ETF