BlackRock and Other Issuers Update Spot Bitcoin ETF Applications
Asset managers BlackRock, Grayscale, Fidelity, VanEck, Valkyrie, Hashdex, Franklin Templeton, Bitwise, WisdomTree, ARK Invest, 21Shares, Invesco and Galaxy have updated their Form 19b-4 applications to launch a spot Bitcoin ETF.
Stock exchanges filed amended Forms 19b-4 for filings by asset managers including BlackRock and Fidelity. This was the final step on the issuers' path to obtaining approval from the Securities and Exchange Commission.
So, to launch the products, asset managers now need to get approval for the amended documents and wait for the registration statements, called S-1s, or in the case of Grayscale Investments, S-3s, to become effective.
