The SEC provides comments on the latest Bitcoin ETF listing: Report

The US Securities and Exchange Commission (SEC) has sent comments on the future. Bitcoin ETF Issuers following the S-1 forms filed by the prospectus on Monday.

Perrian Boring, founder of the Blockchain Trade Association of the Digital Chamber of Commerce, tweeted that the move was “a late sign,” but others disagreed. Bloomberg Intelligence analyst James Seifert argues that this is not necessarily the case. “This really shows how fast the SEC can change these things,” he tweeted, adding that sending a document to the SEC in the morning and receiving comments is “borderline unheard of.” “If you want to delay – the issuers would not be getting comments tonight,” he said.

A person familiar with the filings backed up Seifert's contention, telling CoinDesk that the issuers are expected to file updated filings on Tuesday, citing “minor details” in the S-1 forms. Meanwhile, Fox Business reporter Eleanor Terrett reported that several people who received additional comments were “unconcerned” and the SEC “has not announced a change of plan.”

Citing three sources close to the matter, Axios reported that the Spot Bitcoin ETF could be approved on Wednesday, with more than one fund preparing to start trading as of Thursday morning.

Updated S-1 filings

Monday's updated S-1 filings saw future Bitcoin ETF issuers engaged in a “fee war,” with prospectors scrambling to show investors fee structures that offer more attractive returns.

Last week saw a flurry of activity from companies hoping to launch Bitcoin exchange funds in the United States, with futures issuers VanEck and BitWiz announcing in an updated S-1 filing that the companies are seeding the ETF with millions of dollars.

Bitcoin rallied on Monday as optimism grew that the long-awaited investment vehicle could finally arrive, with Bloomberg Intelligence analysts raising their estimate of the ETF's chances of approval in January to 95 percent.

But not everyone is so optimistic. After SEC Chairman Gary Gensler posted a series of tweets on Monday about the dangers of crypto investing, the Digital Chamber of Commerce's Perian said he was “concerned” that the SEC could block yet another Bitcoin ETF from coming to market. “Chairman Gensler doesn't want to go down without a fight,” she tweeted. “I hope to start successfully this week.”