BlackRock and Bitwise Update Applications for Launching Bitcoin ETF
BlackRock and Bitwise have submitted revised applications for the launch of spot Bitcoin ETFs.
Bloomberg analyst James Seyffart interpreted the events as a sign that the Commission is issuing similar instructions to issuers. In his view, this is another confirmation of preparation for the product's approval.
"What does this tell us? Without reading them – it simply means that the wheel is still turning. Both the SEC and the issuers are working hard to smooth out the situation. The applications probably result from many discussions and a lot of man-hours from both sides," he explained.
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