The US Securities and Exchange Commission (SEC) is currently actively working with applicants of spot Bitcoin Exchange-Traded Funds (ETFs), guiding them through what appears to be the final stages of amendments before potential approval. This active engagement is evidenced by the frequent updates to the S-1 filings made public.
In a recent development, BlackRock submitted an updated S-1 application for its spot Bitcoin ETF. This submission has caught the attention of industry experts who have pinpointed a particularly notable change, sparking discussions and speculations within the Bitcoin community.
Does The SEC Demand A Bitcoin ETF Kill Switch?
The crux of the matter lies in what some experts interpret as the SEC’s implicit demand for a ‘kill switch’ in Bitcoin ETFs. Tuur Demeester, founder of Adamant Research and a board member of the Texas Bitcoin Foundation, drew attention to this issue, stating, “SEC demanding a Bitcoin ETF kill switch?”
He referenced a post by lawyer J
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