Major asset management firms, including BlackRock and VanEck, have revised their filings with the U.S. Securities and Exchange Commission (SEC) for spot bitcoin exchange-traded funds (ETFs). This move indicates a potential shift in the regulatory stance towards cryptocurrency investment products. The revised filings outline the arrangements each firm has made with market makers to ensure efficient and liquid trading for these ETFs.

Industry insiders suggest that ETF issuers meeting the year-end revision deadlines could see their ETFs launched as early as January 10. This date is significant as it is the deadline for the SEC to make a decision on the Ark/21Shares ETF. The anticipation is high, with the possibility of the SEC approving these ETFs as soon as next week.

The price of bitcoin has seen a remarkable surge this year, nearly doubling to just under $42,000. This surge is partly attributed to the market’s expectation of the SEC’s approval of a spot bitcoin ETF.

Various asset managers have proposed different management fees for their ETFs. Valkyrie, Ark, and 21Shares have proposed a management fee of 0.80%, while Fidelity’s Wise Origin Bitcoin Fund plans to offer a more economical option with fees of only 0.39%. Invesco plans a 0.59% fee but with a six-month waiver for the first $5 billion in assets.

The potential approval of these spot bitcoin ETFs represents more than just a new financial product. It symbolizes a maturing of the cryptocurrency market and a shift in regulatory perspectives, opening a new chapter in digital asset investment. This development is considered by some as the biggest event for Wall Street in the last 30 years.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Global
Countries
Sentiment	very positive
Relevance Score	1
People	Collin Brown, Michael Saylor
Companies	BlackRock Asset Management, Fidelity, VanEck, Valkyrie Investments, Invesco
Currencies	Bitcoin
Securities	None