[Weekly Web3 News Picks] Eleven applicants, including BlackRock and Fidelity, submitted an updated 19b-4 form for the proposed spot Bitcoin ETF; sources: More than $2 billion is awaiting injection of BlackRock's spot ETF within one week of listing; Coinbase requires UK users to fill out risk confirmation forms to comply with FCA financial promotion regulations; Goldman Sachs is in negotiations to become authorized participants in BlackRock and Grayscale's spot Bitcoin ETF

【BlackRockEleven applicants, including Fidelity, etc., are concerned with the proposed stockBitcoin[ETF submits updated Form 19b-4]

Comparing news, BlackRock, Fidelity,GrayscaleInvestments,Valkyrie, BlackRock, ARK21Shares 、Bitwise, andInvescoWaiting for 11 companies to submit updated Form 19b-4 for the proposed spot Bitcoin ETF. The issuer of the proposed fund still needs its registration statement called S-1 (S-3 for Grayscale Investments) to be effective in order to launch their products.

[Source: More than $2 billion is awaiting injection of BlackRock's spot ETF within a week after listing]

Comparing news,VanEckMatthew Sigel, head of digital asset research, said at today's Twitter Space event that he learned from a source that more than $2 billion of capital has been awaiting inflow in BlackRock's spot Bitcoin ETF in the first week after listing. These funds come from existing Bitcoin holders, and they are increasing their positions.

“I can't guarantee that,” MatthewSigel said. But you know, that's what everyone does, calling and trying to find someone who can check for these products. If this $2 billion happened in the first week, that would be more than our estimate. Our first-quarter transaction volume was $2.5 billion, which was achieved by looking at past inflows into the first gold ETF and adjusting for the US money supply. According to a similar analysis, we have a market opportunity of $40 billion in two years”.

[ARK/21Shares on its spot Bitcoin ETFSEC[Submit an application for securities registration]

Comparative news, according to a public document,ARK Invest/21Shares has submitted a securities registration application for its spot Bitcoin ETF to the SEC, which is Form 8-A.

[Vaneck submits securities registration application for its spot Bitcoin ETF]

According to the news, VanEck submitted a securities registration application for its spot Bitcoin ETF to the SEC. The 8-A12B form submitted by VanEck is also known as the Stock Exchange Listing Registration Form. This form is required under section 12 (b) of the Securities Exchange Act 1934.

【CoinbaseUK users are required to fill out a risk confirmation form to comply with FCA financial promotion regulations]

Comparative news, according toThe BlockAccording to reports, Coinbase recently required UK users to fill out a risk confirmation form to comply with the financial promotion regulations of the UK Financial Conduct Authority (FCA), which will take effect on January 8.

According to the new regulations, users are required to inform Coinbase about their investor type and complete a form confirming that they fully understand the high-risk nature of cryptocurrency investments.

The move also prompted Coinbase,OKXWait for the exchange to provide more risk tips on the platform, and with something likeArchaxWait for crypto exchanges to cooperate to obtain approval for financial promotion.

[Source:Goldman SachsNegotiations are underway to become authorized participants in BlackRock and Grayscale's spot Bitcoin ETF]

Comparative news, according toCoindeskAccording to reports, according to two people familiar with the matter, Goldman Sachs seems likely to play a key role in the Bitcoin ETF that BlackRock and Grayscale want to launch in the US. The company is in negotiations to become an authorized participant (AP) in an exchange-traded fund. This is one of the trillion-dollar ETF industry's most important jobs, and the role involves creating and redeeming ETF shares to ensure products are traded in sync with their underlying assets.

According to regulatory documents disclosed last week,J.P. Morgan Street(JPMorgan Chase),Jane Street 和 Cantor FitzgeraldBecome an AP for several other Bitcoin ETF issuers.

【Federal ReserveMeeting Minutes: The path to interest rate cuts is highly uncertain]

Comparing news, the minutes of the US Federal Reserve meeting released on Wednesday show that Federal Reserve officials concluded in December last year that interest rates may be cut in 2024, but they don't seem to say when they might cut interest rates. At the meeting, the Federal Open Market Committee, which is responsible for setting interest rates, agreed to stabilize the benchmark interest rate in the range of 5.25% to 5.5%. The members said they expect a quarter percent reduction by the end of 2024. The conference summary notes, however, that there is significant uncertainty about how or whether this will happen.

“In discussing policy prospects, participants believed that policy interest rates may be at or near the peak of this austerity cycle, although they indicated that the actual policy path will depend on how the economy develops,” the minutes said.

【TD Cowen: SEC will approve spot Bitcoin ETF before January 10 deadline due to “political necessity”]

In comparison, investment bank TD Cowen said that due to “political necessity,” the US Securities and Exchange Commission will approve a spot Bitcoin ETF before the January 10 deadline. JaRet SeiTD Cowen's Washington research team led by Berg wrote in the report: “For us, this is a political necessity because the agency needs to solidify its role as a cryptocurrency regulator before Congress considers broader crypto legislation.”

【Michael Saylor315,000 shares will be soldMicroStrategyStocks, about $216 million]

According to a regulatory document, MicroStrategy founder Michael Saylor will sell 315,000 MicroStrategy shares worth about $216 million. According to reports, this information was previously announced on November 1, 2023 (currently officially disclosed through SEC Form 144), and Saylor will sell 5,000 shares every day until April 25, 2024.

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