The US Securities and Exchange Commission (SEC) is showing increased communication with applicants for spot Bitcoin exchange-traded funds (ETFs), a departure from its usual silence on the matter. This comes after fake news circulated about BlackRock’s Bitcoin ETF approval, adding to the anticipation surrounding potential SEC acceptance. Major players in the investment world, such as Ark Invest and Fidelity, have revised their applications in response to the SEC’s feedback. Fidelity’s amended application addresses custody arrangements, hard forks, valuation and pricing, regulatory uncertainties, energy consumption, and illicit transactions. Legal experts predict that the next round of amendments will reveal the SEC’s focus and increase the likelihood of approval. The momentum suggests a potential January launch for spot Bitcoin ETFs, with the SEC likely to accelerate the approval process for other issuers. The Bitcoin and investment community is eagerly awaiting the SEC’s next move.

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Information	Details
Geography	North America
Countries
Sentiment	positive
Relevance Score	1
People	Scott Melker, James Seyffart, Eric Balchunas, Scott Johnsson
Companies	US Securities and Exchange Commission (SEC), BlackRock, Davis Polk, Fidelity, Scott Melker, Ark Invest, Bloomberg, Greenpeace, 21 Shares
Currencies	Bitcoin
Securities	None