- BlackRock and VanEck updated their S-1 forms for a spot Bitcoin ETF application.
- Bloomberg analyst Eric Balchunas explained that the updates to the documents were based on comments from the SEC yesterday.
- The fast turnaround time in the ETF applications raises speculation that approval may be inches away.
BlackRock and VanEck have updated their Bitcoin spot Exchange-Traded Fund (ETF) S-1 document today, details on the US Securities and Exchange Commission’s (SEC) official website reveal.
In a tweet on X (formerly Twitter), Bloomberg analyst Eric Balchunas stated that the document update is based on the last-minute comments the regulator gave yesterday. “The unheard 24-hour turnaround time between filing, comments, and re-filing tells us all parties aiming to get this show on the road pronto,” he tweeted.
Indeed, the recent update follows days of several meetings between the SEC and institutions looking to offer spot Bitcoin ETFs. Expectations are that the Wall Street regulator will greenlight an approval in the coming days.
In particular, crypto experts predict approval could come on January 10. But the general expectation is that the SEC will g…
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