The post BlackRock Resubmits Revised Bitcoin Spot ETF Proposal! appeared first on Coinpedia Fintech News
BlackRock has resubmitted a revised proposal for a Bitcoin spot exchange-traded fund (ETF) to the US Securities and Exchange Commission (SEC), according to Bloomberg analyst James Seyffart. This marks the second time that BlackRock has submitted a revised document for the Bitcoin spot ETF-1, indicating that the SEC is actively working with multiple issuers to address the issues related to these proposals. Previously, Bitwise also submitted a second revised S-1 document. The SEC’s identical or very similar instructions to multiple issuers suggest that progress is being made towards resolving the regulatory hurdles for Bitcoin spot ETFs.
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