SEC Provides Comments on Latest Bitcoin ETF Filings: Report – Decrypt

The U.S. Securities and Exchange Commission (SEC) has sent comments to prospective candidates. Bitcoin ETF The issuers made the announcement following a series of amended S-1 forms filed by applicants on Monday.

Perianne Bowling, founder of the Chamber of Digital Commerce, a blockchain industry association, posted: twitter Some said the move was a “delayed signal,” while others opposed it.James Seifert, analyst at Bloomberg Intelligence claimed That wasn't necessarily the case. “In fact, this shows how quickly the SEC is turning these things around,” he said. tweetedHe added that sending a letter to the SEC in the morning and receiving comments the same day was “borderline unprecedented.” “If they wanted to delay, the publisher wouldn't have been able to get comment tonight,” he said.

A person familiar with the comments supported Seifert's claims, saying: coin desk The issuer said Tuesday it plans to submit an updated document with comments that address “minor details” in the S-1 form. meanwhile, fox business Journalist Eleanor Terret reported that many parties who received additional comments said they were “not concerned” and that the SEC “has not communicated any change in plans.”

According to three sources close to the matter, Axios Spot Bitcoin ETFs could be approved by Wednesday, with multiple funds reportedly preparing to start trading as early as Thursday morning.

Updated S-1 filing

Monday's updated S-1 filings find prospective Bitcoin ETF issuers embroiled in a “fee war” as they scramble to unveil fee structures that offer more attractive returns to investors. This was confirmed.

The past week has seen a surge in activity from companies wanting to launch the first spot Bitcoin exchange-traded fund in the U.S., with prospective issuers VanEck and Bitwise announcing in an amended S-1 filing: Both companies revealed they are seeding future ETFs with millions of dollars. of dollars.

Bitcoin soars on Monday as analysts at Bloomberg Intelligence raise their forecast for the ETF's approval in January to 95%, increasing optimism that the long-awaited investment vehicle may finally arrive. did.

But not everyone is so optimistic. After SEC Chairman Gary Gensler posted a series of tweets on Monday warning of the dangers of crypto investing, Perianne Bowling of the Digital Chamber of Commerce said the SEC would launch a Spot Bitcoin ETF. He continues to be “concerned'' that the United States may still be able to prevent this. “Chairman Gensler doesn't want to go down without a fight,” she said. tweeted. “We hope this week's launch is a success.”