SEC’s Comment Not a Delay, But a Procedural Step Before Jan 10

• The U.S. SEC issued additional comments on the amended S-1 forms submitted by prospective spot Bitcoin ETF issuers just a few hours later.
• Bloomberg analyst James Seyffart points out the rapid response as unusual for the SEC.
• Fox Business journalist reports that individuals who received comments express confidence that the SEC has not signaled any change of plans.

Just hours after would-be spot Bitcoin ETF issuers submitted documents detailing their proposed fees, the U.S. Securities and Exchange Commission (SEC) issued additional comments on the S-1 forms. This quick response has raised eyebrows among insiders, who find it “borderline unheard of.”

On January 8, prospective issuers, including industry giants BlackRock, Bitwise, and Fidelity, disclosed their proposed fees for spot Bitcoin ETFs in their amended S-1 filings (S-3 in Grayscale’s case). Subsequently, on the same day, SEC officials provided feedback that primarily addressed minor details in the amended S-1 forms rather than significant changes, indicating that the comments are unlikely to impact the overall approval timeline.

Perianne Boring, the founder and CEO of the Chamber of Digital Com…

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