Large Wall Street institutions sent in their S-1 forms as 2023 drew to a close.
Expectations of approval of ETFs grew, however, the price of BTC remained stagnant.
One of the biggest reasons being cited for BTC’s recent growth has been the anticipation around various Bitcoin [BTC] ETFs. As the year comes to an end, institutions inch closer to their ETF dream being realized.
It’s raining S-1’s
In a pivotal move, asset management powerhouses BlackRock, Valkyrie, and Van Eck have submitted amended S-1 forms to the U.S. Securities and Exchange Commission (SEC).
These amendments serve as crucial revisions to their initial proposals, all aimed at the creation of Bitcoin (BTC) exchange-traded funds (ETFs) bearing ticker symbols reflective of Bitcoin’s spot price, currently positioned at $42,544.09.
BlackRock’s updated filing identifies Jane Street and JPMorgan Securities as “authorized participants” in its proposed spot Bitcoin ETF application.
For context, Authorized Participan
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