WisdomTree, one of the companies that applied for a spot Bitcoin ETF, made some changes to its S-1 registration and reported the same to the SEC. The S-1 record, which contains detailed information about the ETF, is typically updated as requested by the institution following interactions with the SEC.

Seifert: Everyone may have to do this

James Seifert, a prominent ETF analyst at Bloomberg, said the change should be seen as a sign that WisdomTree still wants to issue an ETF. “They continue to talk to the SEC,” Seifert said. One sign that they are pushing for ETFs…all companies may have to make such a change before launching ETFs. “I think it’s a step in the process, it’s not a big deal…” he said.

Balchunas: It took a lot of time

Eric Balchunas, another Bloomberg analyst, said such conversations have been going on for a very long time, and in his tweet to Seifert he said, “Please do not say that the SEC will review all filing companies’ S-1 filings. Waiting to change.” …This has been going on for a very long time.”

As is known, the SEC has not approved any spot Bitcoin ETF applications so far, but experts are sure that the institution will accept such applications by the end of 2024.

The SEC also rejected WisdomTree’s application in December 2021.

It was published:

If you want to be the first to be informed about the latest developments, join the UzmanCoin Telegram channel!

Categorized in: