US crypto companies have made last-minute changes to their spot Bitcoin exchange-traded fund (ETF) applications and are now anticipating a green light from the Securities and Exchange Commission (SEC). At least eight applicants had amended their filings by the end of last Friday, a deadline set by the realtor after a meeting with all the applicants.
The companies that amended their S1 filing with the SEC for the spot Bitcoin ETFs are BlackRock Asset Management, VanEck, Valkyrie Investments, Bitwise Investment Advisers, Invesco, Fidelity, WisdomTree Investments, and a joint venture between Ark Investments and 21Shares.
The deadline for the regulatory decision on the Ark 21Shares Bitcoin Trust will approach first on 10 January. With the anticipation of the approval, the joint venture has made 16 significant clarifications and additions to its S1 filing.
The update on the Ark 21Shares Bitcoin Trust filing includes clarification on the price index, process, definitions, and even disclosures. One of the interesting additions is the “service provider concentration risk,” highlighting the risks associated with the Bitcoin Custodian and Prime Broker