Asset management giant BlackRock has filed an updated S-1 with the SEC for its spot Bitcoin ETF.
BlackRock and Bitwise, which are trying to establish a spot Bitcoin exchange traded fund in the USA, in their applications some updates again made.
The Securities and Exchange Commission (SEC) has reviewed the applications received so far. postponed it all. However, these updates are not part of the negotiations between the parties. that it continues is showing.
Bloomberg Intelligence analyst James Seyffart said: “They come back to back. Another change was made today to the S-1 (prospectus) of spot Bitcoin ETFs. BlackRock did this one. “The SEC is apparently issuing identical or very similar instructions to multiple issuers.” saying Wrote.
BlackRock’s current prospectus included some new information about the fund manager’s efforts to monitor unusual price movements. A few statements were also added regarding compliance with money laundering laws.
Commenting on what these changes mean, Seyffart said, “This just shows that the wheel is still turning. Both the SEC and these issuers are working hard to correct the problems. “These recordings are probably the result of many meetings and a lot of labor on both sides.” said.