SEC mandates Bitcoin spot ETF issuers to verify participant info in updates.

Jiten171

On December 23rd, Bloomberg ETF analyst Eric Balchunas posted on social media, stating that the latest snapshot of his ETF, Cointucky Derby, has added a new column for "AP Agreement" because the SEC wants Authorized Participant (AP, i.e., underwriters) information to be confirmed in the next S-1 update (within the next 10 days). This step is not easy and may result in some issuers not being approved simultaneously. However, "confirming the AP agreement" along with "cash creation" may equal "approval."

Note by BlockBeats: Authorized Participants (AP) are one of the key participants in the ETF creation/redemption mechanism and play a crucial role in ETF liquidity. Authorized Participants are large institutional liquidity providers who have a legal agreement with ETF issuers. ETF shares are typically created by Authorized Participants, allowing them to increase or decrease the number of ETF shares in the market.

Kapil334

This has been confirmed, so it can go online now.

Jatin255

These are just detailed matters, not affecting the overall direction.

Jafar224

Confirming authorization means that information can be viewed.