Firms Rush to File Final S-1 Amendments Ahead of Anticipated Approval for First US Bitcoin ETFs
Summary:
Multiple firms, including Valkyrie, BlackRock, and ARK Invest, have hurriedly submitted their final S-1 amendments for spot Bitcoin ETFs to the U.S. Securities and Exchange Commission ahead of a widely-anticipated approval date. The amendments detail fees and identify market makers for the prospective ETFs, suggesting a potentially historic week for Bitcoin.
Valkyrie, an asset management firm, was among the foremost entities to submit its final S-1 revision ahead of January 10th, a date widely anticipated as the likely approval time for the inaugural spot Bitcoin ETFs in the U.S. WisdomTree, BlackRock, VanEck, Invesco & Grayscale, ARK Invest & 21Shares have since followed suit. Numerous contenders for a spot Bitcoin (BTC) exchange-traded fund (ETF) hurriedly submitted their final S-1 modifications to the U.S. Securities and Exchange Commission (SEC) Monday morning, in line with expectations. This week could be pivotal for Bitcoin as issuers are set to finalize their Form S-1 revisions today. These modifications will detail fees and identify the market makers for the prospective ETFs. This is an ongoing report and additional details will be incorporated as they emerge.
Published At
1/8/2024 2:29:51 PM
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