Issuers trying to establish spot exchange-traded funds (ETFs) for Bitcoin made last-minute changes to their applications.
BlackRock, VanEck, Valkyrie, Galaxy, Bitwise, WisdomTree and Fidelity have submitted filings with the U.S. Securities and Exchange Commission (SEC). sent the final version.
WisdomTree, Despite SEC recommendations He preferred the in-kind method rather than cash for repayments. Issuers such as BlackRock and VanEck cash model prefers. BlackRock named Jane Street and JPMorgan as authorized participants of the fund it will establish.
SEC on applications for spot Bitcoin fund net by January 10, 2024 at the latest will make a decision. Bloomberg Intelligence analysts say applications are due by this date. waiting for approval.