Just now: BlackRock and VanEck update Bitcoin ETF filing within hours of quick SEC response
BlackRock (BLK) and VanEck are two of 13 firms looking to launch Bitcoin (BTC) exchange-traded funds (ETFs) in the United States, having filed updated documents on Tuesday.
Both entities were among the potential issuers on which the U.S. Securities and Exchange Commission (SEC) issued comments in the past 24 hours, filings show.
CoinDesk reported earlier that the U.S. Securities and Exchange Commission issued comments to potential issuers of a series of spot Bitcoin ETFs, hours after the companies filed documents detailing fees for their proposed products on Monday.
One of the language changes in Tuesday's latest update to the filing is aimed at mitigating shareholder losses in the event of bankruptcy and avoiding conflicts of interest among ETF authorized participants.
The latest filings show an almost unprecedented engagement between the SEC and potential issuers, with filings following the SEC's response and then updates within 24 hours.
The SEC is widely expected to approve all applications this week, as Ark and 21 Shares have one of their filings facing a deadline of January 10, 2024, this Wednesday, and may want to approve them all together in the spirit of fairness Apply.
