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Spot Bitcoin exchange-traded fund (ETF) race picks tempo as 8 spot Bitcoin ETF points filed up to date S-1 varieties declaring licensed individuals (APs), charges, or different adjustments. Along with different filers, Grayscale additionally filed a written communication relating to APs after the U.S. SEC declared Dec 29 because the final date for issuers to replace their spot Bitcoin ETF purposes.

Grayscale CEO Reflects on Leading the Spot Bitcoin ETF Race

Grayscale Bitcoin Trust submitted a free writing prospectus (FWP) to the U.S. Securities and Exchange Commission (SEC) on Dec 29 as different spot Bitcoin ETF issuers filed up to date S-1 varieties.

The FWP mirrors a post on X by Grayscale CEO Michael Sonnenshein—”Been on this sport a very long time…we’ve had APs lined up since 2017.”

Spot Bitcoin ETF issuers comparable to BlackRock, Fidelity, Valkyrie, VanEck, Bitwise, Invesco and Galaxy, WisdomTree, and Franklin Templeton submitted up to date S-1 filings asserting licensed individuals (APs) or charges. Fidelity Wise Origin Spot Bitcoin ETF has the bottom payment of 0.39%.

Sonnenshein claims that Grayscale has been prepared since 2017 with Jane Street and Virtu as licensed individuals, as per an SEC filing dated May 4, 2017.

Also Read: Valkyrie & BlackRock Amend S-1 Documents, Reveal APs in Latest Bitcoin ETF Filings

Bloomberg ETF analyst James Seyffart mentioned, “This is a great point from Sonnenshein”. He added that Grayscale was by no means an issuer they had been fearful about getting an AP settlement. He expects extra issuers can be attending to the beginning gate. The window for spot Bitcoin ETF approval ranges between January 5 and 10, 2024.

While high ETF consultants don’t doubt Grayscale main the spot Bitcoin ETF race as they adopt “cash model” for approval, Bloomberg senior ETF analyst Eric Balchunas warned that they need to file S-1 as per requirement and ensure their licensed individuals. “I’m sure they’ll add soon tho.”

Also Read: Invesco, WisdomTree, Fidelity, and Bitwise Update S-1 Filings; JPMorgan in Spotlight as AP

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Varinder has 10 years of expertise within the Fintech sector, with over 5 years devoted to blockchain, crypto, and Web3 developments. Being a expertise fanatic and analytical thinker, he has shared his data of disruptive applied sciences in over 5000+ information, articles, and papers. With CoinGape Media, Varinder believes within the large potential of those revolutionary future applied sciences. He is presently protecting all the newest updates and developments within the crypto trade.

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