It has been revealed the fact that both BlackRock and VanEck have filed amended Bitcoin ETF filings, just hours after the SEC responded to their filings. Check out the latest reports about this below.
BlackRock, VanEck file amended BTC ETF filings
Check out the following tweet:
BlackRock and VanEck have filed amended bitcoin ETF filings, hours after the SEC responded to their filings. By @amitoj.https://t.co/4jlvG9u4pj
— CoinDesk (@CoinDesk) January 9, 2024
BlackRock (BLK) and VanEck are two of the 13 firms interested in launching bitcoin (BTC) exchange-traded funds (ETFs) in the United States. On Tuesday, both firms filed updated documents.
These filings indicate that the U.S. Securities and Exchange Commission (SEC) sent comments to the two entities in the past 24 hours, along with other prospective issuers of the spot-bitcoin ETFs.
CoinDesk reported earlier that the SEC sent comments to the companies soon after they filed documents detailing fees for their proposed products on Monday.
The latest update on Tuesday’s filing displays a change in wording that aims to reduce the impact on shareholders in case of insolvency and prevent any conflict of interest among ETF’s authorized participants.
This filing process showcases an unusual level of engagement between SEC and potential issuers, with filings being updated within 24 hours following SEC responses.
It is widely speculated that the SEC will approve all applications this week as it faces a deadline of January 10, 2024, for one of the applications by Ark and 21 Shares.
It is possible that the SEC may want to approve all applications together in the interest of fairness.
Bitcoin will go ballistic in 2024
Macro strategist Henrik Zeberg has predicted that Bitcoin (BTC) and other cryptocurrencies will experience a parabolic rise in the near future.
In a recent interview on the Bloor Street Capital YouTube channel, Zeberg stated that crypto markets are set to experience a surge like never before.
This will be driven in part by those who missed out on previous bull runs and don’t want to miss the next one.
