BlackRock and VanEck Provide New Updates on Spot Bitcoin ETFs Tuesday Morning!

  • BlackRock and VanEck have submitted amended S-1 forms to address the latest comments on spot bitcoin ETF applications.
  • The amended S-1 forms also provide the final details regarding the relevant fee structures. Many providers are offering zero fees for a limited period.
  • According to information from sources, ETFs approved on Wednesday, January 10, are getting ready for launch on Thursday, January 11.

BlackRock and VanEck filed an updated version of their S-1 forms earlier today: Here are the details!

BlackRock and VanEck Update ETF Application

Bitcoin-BTC

BlackRock and VanEck have submitted amended S-1 forms to address the latest comments on spot bitcoin ETF applications. According to COINOTAG, SEC sent comments to potential issuers yesterday after submitting their latest forms. These comments have focused on minor details not expected to delay the applications.

The forms submitted today include small changes, such as language on what would happen in case of bankruptcy of an authorized participant or Bitcoin trading counterparty, warnings to potential investors about potential conflicts of interest, and situations where liquidity could be compromised.

The amended S-1 forms also provide the final details regarding the relevant fee structures. Many providers are offering zero fees for a limited period; Bitwise leads with a lowest fixed fee of 0.24%. Ark/21Shares closely follows with 0.25%, while BlackRock is close with 0.3%.

Trading Could Begin on Thursday

After this, these issuers are waiting for the SEC to approve the 19b-4 forms and the effectiveness of the S-1 applications. Once both are accomplished, trading can begin the following day. According to information from sources, ETFs approved on Wednesday, January 10, are getting ready for launch on Thursday, January 11.

BREAKING NEWS

USDC Minting on Solana Surges to 7.25B Since October Crash; Circle Mints 1B in 24 Hours

COINOTAG News, citing OnchainLens, reports that Circle issued 1...

Roobet and Stake.com Gambler Opens 25x Ethereum Long With 25,000 ETH (~$78.6M), $2.25M Unrealized Gain

COINOTAG News, November 14, reports, per Lookonchain monitoring, that...

Bitcoin Buy Alert: MicroStrategy to Announce Next Major BTC Purchase Plan, Michael Saylor Says

COINOTAG News reported on November 14 that Michael Saylor,...

Fed Hawkish Signal Dashes December Rate-Cut Bets as Global Markets and Gold Slump on AI-Bubble Fears

Friday's price action in crypto markets reflected a risk-off...

Ethereum Whale Deposits 4,037 ETH into Kraken After 2-Year Staking, Secures $5.08M Profit

COINOTAG News, citing OnchainLens analytics, reports that a large...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img