News - Latest additional applications for Bitcoin ETF received by SEC

By Mike Hesp

Latest additional applications for Bitcoin ETF received by SEC

Bitcoin (BTC)
ETF
Laatste extra aanvragen voor de Bitcoin ETF ontvangen door SEC

The final deadline for applicants for the Bitcoin Spot ETF ends today. Experts expect 95% of applications to be approved.

The U.S. Securities and Exchange Commission (SEC) on its website confirmed that they have received the latest revised applications for a Bitcoin Spot ETF received.

BlackRock, Ark Invest/21Shares, VanEck, WisdomTree, Invesco, Fidelity and Valkyrie filed their respective documents today. Documents from Grayscale and several others have not arrived at the time of writing, but are expected later today.

The so-called S-1 documents are the final formalities for the expected approval of the Bitcoin Spot ETF. The Securities and Exchange Commission (SEC) is expected to make a decision on the approval in the next two days.

Meanwhile, Bloomberg's ETF experts James Seyffart and Eric Balchunas raised the probability of approval to 95 percent, according to a tweet on X. BlackRock itself expects approval next Wednesday.

The applicants' latest amendments also show a real struggle to undercut each other in the reimbursement model, as Balchunas explains.

BlackRock, the world's largest asset manager, set the bar lowest at 0.2 percent. Shortly before the close, ArkInvest also cut its management fee from 0.8 percent to an "astonishing" 0.25 percent, as the Bloomberg analyst revealed.

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