SEC lists eight updated 19b-4 filings as spot Bitcoin ETF process nears deadline

The U.S. Securities and Exchange Commission (SEC) has recently published updates on spot Bitcoin ETF filings, with eight 19b-4 filings being amended. These filings outline proposed rule changes for ETF listings and trading on various exchanges, including Cboe BZX, NASDAQ, and NYSE Arca. The amendments mainly address previous concerns about market size, surveillance-sharing agreements, and market manipulation prevention. It is expected that more amendments from other applicants will be submitted in the future, as there are currently around one dozen applicants seeking a spot Bitcoin ETF. Additionally, several applicants, including BlackRock, have submitted amended registration statements, providing new information such as fee and seed funding details. These latest updates do not significantly change the structure of the applications but add further details.