Bitcoin: SEC Filings Mentioning BTC Reach Record Highs
On the heels of the anticipation surrounding a Spot Bitcoin ETF, the US Securities and Exchange Commission (SEC) filings that include BTC have reached record highs. Specifically, data observed by The Block notes that the digital asset had appeared in a remarkable 1,074 filings that were submitted to the SEC in November.
That figure represents the highest ever, according to the report. Additionally, the data shows that the number of November filings represents a 35.1% increase from the previous month, according to research analyst Rebecca Stevens. Additionally, it is an increase of 32.6% over the previous high of 810 that was set in May of 2023.
Bitcoin Included in Record Number of SEC Filings in November
Over the past several months, the digital asset industry has anxiously awaited the potential arrival of a Spot Bitcoin ETF. Indeed, more than a dozen investment firms have submitted applications for the product with the SEC. However, they don’t appear to be alone in making such filings regarding the asset.
Specifically, data shows that Bitcoin has dominated SEC filings, with BTC being included in a record high for November. Alternatively, October saw 527 filings mentioned. Therefore, November saw a 100% increase month-over-month in what may be a sign of shifting focus.
The overall sentiment for Bitcoin has certainly shifted in the latter parts of 2023. Now, with December upon us, a host of companies are seeking to begin involvement with the asset. With expectations abounding for a Spot Bitcoin ETF in 2024, that may be a good idea for many.
The asset itself has experienced a massive surge to close out 2023. Subsequently, this could mean massive gains are to be made in the coming year. With these filings, and the ETF development undergoing, it doesn’t appear as though BTC will be facing a downtrend any time soon
