Executives from the U.S. SEC sent comments to multiple companies seeking approval for the launch of bitcoin exchange-traded funds (ETFs). This feedback came shortly after these companies submitted documents outlining the fees associated with their proposed ETFs.
According to an individual familiar with the matter, these companies are expected to submit revised documents by Tuesday.
The SEC’s comments mainly focused on minor details within the amended S-1 forms rather than requiring major modifications. It’s anticipated that these comments will not delay the potential approval process for these ETFs.
Companies such as BlackRock, Grayscale, and Fidelity had previously disclosed their anticipated fees for spot bitcoin ETFs in their filings on Monday.
SEC officials are actively discussing with potential ETF issuers who previously proposed spot bitcoin ETFs last summer. They have until January 10, 2024, which is this Wednesday, to decide on one of the applications submitted by Ark and 21 Shares.
Recently, there has been a surge in updated filings from issuers, reflecting their ongoing talks with the SEC. This has sparked optimism that the SEC might greenlight spot bitcoin ETFs for trading in the U.S.
Also Read: Fidelity Taps Trading Firms to Support Bitcoin ETF Bid
