Bitwise and BlackRock, two major asset managers, have submitted updated filings to securities regulators for their spot Bitcoin exchange-traded fund (ETF) proposals. This comes as at least ten asset managers are looking to offer a spot Bitcoin ETF. The filings address concerns raised in recent discussions between the SEC and ETF applicants. Bloomberg ETF analyst Eric Balchunas predicts a 90% chance of the SEC approving one or more spot Bitcoin ETFs by January 10, 2024. While the SEC has approved Bitcoin and Ethereum futures ETFs, there is currently no spot Bitcoin ETF in the US. One key issue being discussed is whether the SEC will allow in-kind creations, which would enable participants to transact with Bitcoin, or only cash creations. BlackRock’s latest amendment to its filing is expected to address this issue.

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Information	Details
Geography	North America
Countries
Sentiment	neutral
Relevance Score	1
People	Eric Balchunas
Companies	BlackRock, iShares Bitcoin Trust, Bitwise, Bloomberg, U.S. Securities and Exchange Commission (SEC)
Currencies	Bitcoin, Ethereum
Securities	None