Spot Bitcoin ETF Issuers File Amended Applications and Now The Waiting

• Leading asset managers have submitted final amendments for spot Bitcoin ETFs to the U.S. SEC, awaiting potential approval.
• This week could be historic for Bitcoin, with the crypto community eagerly awaiting the SEC’s decision on these ETFs.
• The SEC reissued a warning about the risks of digital assets, coinciding with the pending approval of Bitcoin ETFs.

Multiple applicants vying for a spot Bitcoin exchange-traded fund (ETF) have hurriedly submitted their final Form S-1 amendments to the United States Securities and Exchange Commission (SEC) on January 8th, aligning with the widely anticipated date for potential approval.

Asset manager Valkyrie led the charge by filing its final S-1 amendment, with many more swiftly following suit. WisdomTree, BlackRock, VanEck, Invesco, Galaxy, Grayscale, ARK Invest, and 21Shares are among the hopeful issuers who have submitted their amended filings.

This week holds the potential to be historic for Bitcoin as these applicants finalize their Form S-1 amendments. These amendments provide crucial information, including details about fees and the identities of market makers associated with the prospective ETFs.

The crypto community eagerly awaits the SEC’s response, as approval could mark a significant turning point for Bitcoin and the broader cryptocurrency market.

SEC Reissues Crypto FOMO Warning

On January 6th, the SEC’s Office of Investor Education took to social media, specifically X (formerly Twitter), to remind retail investors of the risks linked to digital assets, including meme stocks, cryptocurrencies, and NFTs.

Interestingly, this isn’t the first time the SEC has issued this “Say no go to FOMO” warning. It initially surfaced on January 23, 2021, during a bull market frenzy that witnessed Bitcoin, Ether, and many altcoins reaching record highs by November 2021. The warning reappeared around March 2022 as markets started to cool down.

Social media users have speculated that the SEC’s warning could be a prelude to the approval of one or more spot Bitcoin ETFs, as the deadline for such decisions looms before January 10th.