BlackRock and VanEck Updated Bitcoin ETF Filing – 2024

Crypto News – Two of the 13 companies aiming to introduce exchange-traded funds (ETFs) in the United States, BlackRock and VanEck, submitted amended paperwork on Tuesday.

BlackRock and VanEck Updated Bitcoin ETF Filing – 2024

According to the filings, the two organizations were among the potential issuers to whom the SEC had issued comments within the previous day. Shortly after the companies filed filings outlining costs for their proposed products on Monday, the SEC earlier emailed comments to a group of potential issuers of the spot Bitcoin ETFs. The language in the most recent amended filing, which was released on Tuesday, aims to prevent a conflict of interest between the authorized participants of the ETF and lessen the harm to shareholders in the case of insolvency.

SEC Expected to Approve All Filings This Week

As evidenced by the most recent filings, which were revised within a day after receiving SEC responses, the SEC and potential issuers are engaged in nearly unprecedented ways. On the other hand, due to a deadline of January 10, 2024, for one of the applications submitted by Ark and 21 Shares, the SEC is expected to accept every application this week. In an effort to be fair, the SEC may decide to approve every application.