According to Odaily Planet Daily, BlackRock once again submitted further revisions to its S1 prospectus to the U.S. Securities and Exchange Commission today. Upon review, this revision appears to have only two minor changes, which may mean this may be BlackRock's last filing before the SEC makes a final approval decision. 📄

The first modification involves the expansion of potential risks related to the termination of key agreements or the failure of important parties to provide services. The revised text includes the Authorized Participant Agreement and the Bitcoin Counterparty Agreement. 🔍

The second change is to address additional risks associated with the role of Authorized Participants and Bitcoin Counterparties in the trust's operations, emphasizing that if these parties suffer issues such as bankruptcy, business interruption, failure to perform, security breaches, or Choosing not to participate in the creation and redemption process of a trust can have significant negative consequences. 🚧

Eric Balchunas, senior ETF analyst at Bloomberg, pointed out that BlackRock’s unprecedented rapid response time of only 24 hours between submitting documents, receiving comments and resubmitting shows that all parties involved are eager to advance this project. 💨