SEC’s Feedback to ETF Issuer’s Fee Submission is not a Delay Signal: Experts
SEC Quickly Responds to Bitcoin ETF Fee Submissions, Sparks Debate on Approval Timeline Ahead of Deadline.
A few hours after Bitcoin ETF issuers submitted fee details, the SEC quickly responded with comments, this was a surprise to insiders.
On January 8, major investment firms, BlackRock and Fidelity revealed their fees for Bitcoin ETFs. The SEC returned with a fast feedback, focusing on small details, but this does not suggest any major delays in the approval process.
Perianne Boring voiced her opinion early, viewing the SEC’s quick action as a possible sign of delay, but Bloomberg's James Seyffart thinks the opposite. He finds the SEC's rapid response unusual and not a delay tactic.
Fox Business' Eleanor Terrett reports confidence among those who received SEC comments, seeing it as part of the process before the January 10 deadline.
The SEC is faced with a tight deadline for the Ark 21Shares Bitcoin ETF decision. Their response has led to speculation about the outcome, with some expecting a denial.
The SEC's list shows nine amendments to filings from major exchanges, noting that both 19b-4 and S-1 forms need SEC approval before a Bitcoin ETF can start trading.
