The U.S. Securities and Change Fee (SEC) started to publish notices of submitting updates associated to identify Bitcoin ETFs on Jan. 8.

As of 10:45 p.m. UTC, the SEC’s nationwide securities trade web page listed amendments to eight 19b-4 filings detailing proposed rule modifications.

Six of these up to date filings concern proposed rule modifications via which the Cboe BZX trade intends to record and commerce ETFs from WisdomTree, VanEck, Ark Make investments, Franklin Templeton, Constancy, and Invesco Galaxy. One other modification issues a proposed rule change via which NASDAQ intends to record and commerce Valkyrie’s Bitcoin ETF. One different issues a proposed rule change via which NYSE Arca intends to record and commerce Hashdex’s ETF.

At present, there are roughly one dozen candidates searching for a spot Bitcoin ETF, that means that different amendments could arrive later.

The newest amendments largely tackle earlier points together with issues about whether or not related markets are of a major measurement, the inclusion of surveillance-sharing agreements, and prevention of market manipulation.

Every discover signifies that exchanges submitted the related modification to the SEC on Friday, Jan. 5. Earlier studies from Bloomberg steered the same timeline upfront of anticipated approvals round Wednesday, Jan. 10.

S-1 amendments additionally arrived Monday

A number of spot Bitcoin ETF candidates moreover submitted amended registration statements together with S-1/A and 8-A12B kinds on Jan. 8.

BlackRock’s newest S-1 replace notably emphasizes an absence of instant in-kind creations and redemptions, which might have allowed sure ETF transactions to be carried out with Bitcoin as an alternative of money. It wrote:

“The timing of the In-Sort Regulatory Approval is unknown, and there’s no assure that NASDAQ will obtain … Approval at any level sooner or later. If NASDAQ receives the In-Sort Regulatory Approval and if the Sponsor chooses to permit in-kind creations and redemptions, the Belief will notify the house owners of the helpful pursuits of Shares …”

S-1 registration statements from BlackRock and different companies additionally include new data together with price and seed funding particulars.

Most companies submitted practically finalized S-1 amendments on or earlier than a Dec. 29, 2023 deadline. As such, the most recent amendments don’t considerably change the construction of every software and as an alternative primarily add particulars.