Seven of the 13 applicants for spot BTC ETFs filed revised S-1s with the SEC on the day of the deadline.
The hopefuls in the race toward a spot Bitcoin (BTC) exchange-traded fund (ETF) waited until the very last minute to submit the final versions of their S-1 form applications on Dec. 29. They trickled into the United States Securities and Exchange Commission (SEC) throughout the day, with Invesco Galaxy, Bitwise, WisdomTree and Fidelity coming in after BlackRock, Van Eck and Valkyrie.
Fidelity, WisdomTree, and Invesco Galaxy announced their authorized participants in the new filings. Invesco Galaxy selected Virtu and JPMorgan, while WisdomTree and Fidelity gave the honor to Jane Street Capital.
WisdomTree has chosen to maintain in-kind share creation and redemption, in spite of the SEC’s urging to switch to cash.
