SEC's Response Spurs Bitcoin ETF Amendments by BlackRock, VanEck

<p>BlackRock and VanEck, among other companies who have
applied to list spot Bitcoin ETF, have adjusted their submissions following
comments from the US Securities and Exchange Commission (SEC). </p><p>This unprecedented engagement between the SEC and
the prospective issuers within a 24-hour cycle indicates a significant push
toward compliance in the race for regulatory approval, Coindesk reported. </p><p>The US Securities and Exchange Commission’s (SEC)
swift response to their filings has spurred an intense 24-hour cycle of
amendments, shedding light on the stringent regulatory scrutiny surrounding
these applications.</p><p>Notably, the revisions aim to address shareholder
protection in case of insolvency and avert conflicts of interest among the
ETF’s authorized participants.</p><p>Expect ongoing updates as this story evolves. </p>

This article was written by Jared Kirui at www.financemagnates.com.