Asset managerBlack stone And a cryptocurrency investment companyBitwise It filed amended S1 forms with the Securities and Exchange Commission (SEC) on Monday, answering more questions the regulator likely asked in previous conversations.
While it is unclear what specific topics the SEC has asked applicants to provide more information on, analysts have raised them. prophesy Changes will be made to previous filings after several meetings between the SEC and applicants last week. Both sides are “working hard to fix things,” the files indicate. books James Seyphart of Bloomberg Intelligence at X.
Revisions from the other 11 applicants, including Fidelity, Franklin and WisdomTree, are likely to come soon, he said.
BlackRock’s updated presentation included several changes, from issues such as security, risks and disclosures to the structure of the trust. He noted that in total, 21 notable changes were made to the asset management giant’s latest update. Cryptocellite . Other factors include potential regulatory impacts on the ETF and how to navigate the regulatory landscape in other jurisdictions such as the UK and EU.
The SEC will make a decision on whether to approve one or more Bitcoin ETFs between January 5 and 10, the next and final deadline. Bloomberg analysts expect that there is a 90% chance of this scenario occurring.
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