Bitcoin ETF Firms Address SEC Concerns in Amended Filings, Keeping Hopes Alive

ARK Invest and 21Shares amended their spot Bitcoin ETF filing, addressing SEC concerns according to analysts.

Changes include clarifying asset custody, NAV calculations, and addressing illegal activity risks.

Analysts view the amendments as positive progress and communication with the SEC.

The amended filing puts the ball back in the SEC's court for review and potential approval.

General optimism that the SEC did not raise major new issues or roadblocks.