BlackRock and Bitwise present latest ETF documents

Asset management firms #BLACKROCK and #Bitwise have taken another step towards launching their spot Bitcoin exchange-traded funds (ETFs) in the United States. Both submitted amended S-1 filings to the Securities and Exchange Commission (SEC), the American financial market regulator, on Monday.

The updated filings include new information on how trust fund administrators will monitor Bitcoin price fluctuations and ensure compliance with anti-money laundering regulations. In addition, the documents contain an audited statement from PricewaterhouseCoopers, one of the largest auditing companies in the world.

The SEC has not yet approved any #ETF of #Bitcoin on sight in the country and has postponed decisions on the requests received. However, some analysts believe that the altered records could indicate that there are ongoing conversations between the companies and the regulator.

And while all this is happening almost behind the scenes, analytics firm IntoTheBlock has revealed that even with Bitcoin's recent rise, long-term holders or investors are not taking profits and have instead acquired between them more than 360,000 BTC since the start of November.

Furthermore, if we look at the amount of Bitcoin held on exchanges, we will see a large decrease in the last 30 days, while the number of long-term holders has continued to grow. All of this confirms that long-term bitcoin investors have no intention of selling their $BTC. In the short term, what we can clearly see is that Bitcoin's volatility has increased in the last 7 days, so we can already expect volatile movements this week