Major Asset Managers Race to File Final S-1 Amendments for Spot Bitcoin ETFs

Major Asset Managers Race to File Final S-1 Amendments for Spot Bitcoin ETFs

Crypto News – In a significant development for the cryptocurrency market, issuers of the much-anticipated spot Bitcoin ETFs have submitted their amended S-1 applications to the U.S. Securities and Exchange Commission (SEC). This move, completed precisely at 8am ET, is widely seen as a precursor to potential regulatory approval.

Leading the charge in this pivotal moment is Valkyrie, an asset management firm that was one of the first to file its final S-1 amendment before the crucial date of January 10. This date is broadly expected to be when the first spot Bitcoin ETFs receive approval in the United States.

Hot on Valkyrie’s heels in this endeavor are several prominent names in the investment world, including WisdomTree, BlackRock, VanEck, Invesco & Grayscale, as well as ARK Invest & 21Shares. The involvement of these major players underscores the growing interest and legitimacy of cryptocurrency in traditional financial markets.

This flurry of activity from multiple applicants seeking to establish a spot Bitcoin ETF marks the start of what could be a historic week for Bitcoin. These latest filings are not just procedural; they carry crucial details such as fee structures and the identities of market makers, offering a clearer picture of what the future ETFs might look like.

As the industry awaits with bated breath, these final S-1 amendments signal a possible turning point, not just for Bitcoin but for the broader acceptance of cryptocurrencies in mainstream finance.