Bloomberg analyst Eric Balchunas said that disclosing authorized participants (AP) is one of the final steps before launching a spot Bitcoin ETF, if approved by the US Securities and Exchange Commission. So far, Fidelity, Invesco, Valkyrie, and WisdomTree have designated APs for their proposed spot Bitcoin ETFs, along with BlackRock. Fidelity has designated Jane Street and JPMorgan Securities as its AP, matching BlackRock's earlier selection. Valkyrie has designated Jane Street and Cantor Fitzgerald as its AP, while WisdomTree has also designated Jane Street for the role. Meanwhile, Invesco plans to use JPMorgan Securities and Virtu Securities as its proposed Bitcoin fund's AP. However, Bitwise, VanEck, Ark Invest, and 21Shares did not mention APs or expense ratios in their revised S-1s this week.

On December 30th, Bloomberg analyst Eric Balchunas posted on social media that BlackRock submitted a revised S-1 form for its Bitcoin ETF to the SEC, designating Jane Street Capital and JP Morgan Securities as authorized participants for its ETF.

On December 30th, ETF analyst Eric Balchunas from Bloomberg announced on social media that Fidelity has submitted a revised S-1 document for its Bitcoin ETF, designating Jane Street Capital as the Authorized Participant for the ETF's spot Bitcoin trading. It is worth noting that the Sponsor Fee for Fidelity's spot Bitcoin ETF is only 0.39%, the lowest to date.

On December 30th, ETF analyst Eric Balchunas from Bloomberg stated on social media that Bitwise has submitted the latest revised S-1 document for its spot Bitcoin ETF, and someone will inject $200 million "seed funding" into BITB, which is much more than BlackRock's $10 million and will be of great help in the early stages of the ETF competition. However, the updated document still does not specify the Authorized Participant, and the fees have not been disclosed.

On December 30th, SEC official documents show that ARK Invest and 21Shares have submitted the latest revised S-1 filing for their spot Bitcoin ETF.

ARK Invest, the investment firm led by Cathie Wood, has sold off its remaining holdings of Grayscale Bitcoin Trust (GBTC) shares, worth around $200 million, and used $100 million of the proceeds to buy shares in the ProShares Bitcoin Strategy ETF (BITO). This move has made ARK Invest the second-largest holder of the Bitcoin futures ETF. The firm's reshuffling of its portfolio comes amid speculation around the possible approval of a spot Bitcoin ETF by the US Securities and Exchange Commission (SEC), with hopefuls rushing to finalize their applications before a potential approval window in January.

ARK Invest has purchased 4.3 million shares of the ProShares Bitcoin Strategy ETF, valued at $9.2 million, after selling its remaining holdings in the Grayscale Bitcoin Trust. The investment firm also sold $27.6 million worth of Coinbase stock and bought 20,000 shares of the Ark 21Shares Active Bitcoin Future Strategy ETF. The ProShares ETF now accounts for 5.03% of the ARK Next Generation Internet ETF and is its sixth-largest holding, while Coinbase remains the fund's largest holding at just under 12%. These changes in holdings come ahead of the Securities and Exchange Commission's expected decision next month on whether to allow spot bitcoin ETFs to trade in the US.

Data shows pre-market rise in US cryptocurrency stocks, with Proshares Bitcoin Strategy ETF up 2.8%.

First Trust has submitted a Bitcoin "Buffer ETF" application to the SEC, which can prevent a certain percentage of downward losses, but upward losses are limited. Analysts expect that other entrants in the field will provide unique differentiated strategies to offer Bitcoin exposure in the coming weeks.

Gary Gensler, the chairman of the US Securities and Exchange Commission (SEC), said in an interview with CNBC today that the agency's "new view" on the application for a Bitcoin ETF involves a recent court ruling. He said, "We have previously rejected some such applications, but the District of Columbia Court has weighed in on this, so we will review the issue again based on the court's ruling." Gensler reiterated his view that the crypto industry has many cases of non-compliance with existing securities laws. He said, "There are too many fraud and bad behavior in the cryptocurrency field. Not only does it violate securities laws, but it also violates other laws that protect the public from bad actors, such as anti-money laundering laws."