Breaking 🚨:Bitcoin ETF approval won't trigger crypto market rally 💯
Asset managers BlackRock, Valkyrie and Van Eck submitted amended S-1 forms to the United States Securities and Exchange Commission on Dec. 29, the final day for the SEC to consider them in January 2024. Invesco Galaxy, Bitwise, WisdomTree and Fidelity Form S-1 applications coming in after.
BlackRock's updated filing named Jane Street and JPMorgan Securities as “authorized participants” in its proposed spot Bitcoin ETF application. BlackRock has already specified that it will use a cash-only model. It was the first user to settle a trade on JPMorgan’s Tokenized Collateral Network service on Oct. 11.