TechFlow news — ETF analysts observed that after Bitwise and BlackRock submitted revised prospectuses on Monday, the U.S. Securities and Exchange Commission (SEC) has issued "identical or very similar instructions" to multiple applicants for spot Bitcoin exchange-traded funds (ETFs).
Although Wall Street's primary regulator has not made any public statements regarding spot Bitcoin ETF applications, this latest development "indicates the wheels are still turning," suggesting that both the SEC and these issuers are actively working through issues. These filings are likely the result of multiple rounds of dialogue and substantial work hours between both parties.
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