Posted 1/9/2024, 11:38:00 AM
SEC Swiftly Responds to Bitcoin ETF Hopefuls on Risks of Shareholder Harm and Conflicts of Interest
- BlackRock and VanEck update Bitcoin ETF filings hours after quick SEC response
- Filings indicate they were among 13 firms the SEC sent comments to in the past 24 hours
- Updates seek to mitigate shareholder damage in event of insolvency and avoid conflicts of interest
- Unprecedented engagement between SEC and issuers with filings and responses within 24 hours
- SEC faces deadline for one application and may approve all to be fair