Bitcoin ETF Decision Looms as Firms Finalize Bids

BlackRock, Valkyrie, Grayscale, Fidelity among firms in final stages, with key details on fees and authorized participants disclosed in last-minute filings.

• SEC is expected to make a decision on the proposed Bitcoin ETFs by Ark Invest and 21Shares by January 10, with decisions on other proposals also anticipated.
• BlackRock, Valkyrie, Grayscale, Fidelity, and other firms are in the final stages of their bids to launch Bitcoin ETFs.
• Last-minute amendments to registration statements reveal details about fees, authorized participants, and other key information.
• BlackRock and Fidelity have disclosed plans to use Jane Street and JPMorgan Securities as authorized participants.
• Grayscale's authorized participants remain unknown, but CEO Michael Sonnenshein hinted that the company has had APs lined up since 2017.

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