Both VanEck and BlackRock have filed amended S-1 forms for their spot Bitcoin ETF proposals after addressing recent comments from the United States Securities and Exchange Commission (SEC). The Commission had set a Monday deadline for applicants to submit amended forms as the deadline for approval or rejection approaches.

After receiving the amended forms, the SEC added comments, which were reportedly minor notes on the expected ETFs from the applicants. According to reports, forms now filed by applicants show a few changes, including specifics on steps required if a counterparty or authorized participant becomes bankrupt, noting a possible conflict of interest. In addition, there were statements of caution directed at potential investors, notifying them of possible impaired liquidity.

S-1 Forms May Not Delay SEC Spot Bitcoin ETF Approval

While some noted that the SEC’s comments may have been an attempt at delay tactics, others disagreed. According to Fox Business producer and journalist Eleanor Terret, the SEC could delay approvals if the members of the Commission exercise their rights under 17 C.F.R. Section 201.431, which allows them to request a review and vote regardless of approval via delegated authority.

For Bloomberg ETF analyst James Seyffart, the SEC’s recent moves may not indicate a delay. Seyffart believes that the speed with which the SEC has reviewed filings and made comments suggests that the Commission is interested in approving spot Bitcoin ETFs. Van Buren Capital General Partner Scott Johnsson also agrees with Seyffart. Johnsson added that fixing the details of S-1 forms may not affect approval of 19b-4s.

Fee Structures and Waivers

Recent amendments to S-1 forms highlight fee structures. For instance, Bitwise is charging no fees for the first 6 months, or until $1 billion in assets, and then a 0.24% after. Ark/21Shares follows the same trend, but with 0.25% after the first 6 months or $1 billion in assets. For BlackRock, the fee is 0.2% for the first 12 months or $5 billion in assets, and then 0.3% after.

Last week, Galaxy and Fidelity also revealed their fee structures. While Fidelity’s fee is 0.39%, Galaxy/Invesco plans to waive the first 6 months and charge 0.59% afterward. According to Bloomberg ETF analyst Eric Balchunas, fee waivers may not mean much. In an X post, Balchunas explained that these waivers historically have not “moved [the] needle much” because investors are usually in it for the long term. Consequently, investors tend to focus more on the regular fees than fee waivers or the initial low figures.

Before would-be issuers can offer their ETFs to the public, the SEC must approve both 19b-4 and S-1 forms. In simple terms, the 19b-4 is for SEC approval, while the S-1 allows for the public sale of the products.

The SEC’s first deadline is Wednesday when it is expected to decide on the ARK/21Shares. Speculations suggest that the Commission could approve more than one ETF on the day instead of focusing solely on ARK/21Shares.

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Funds & ETFs, Market News, News

In a reply to a recent Elon Musk tweet, user @cb_doge has shared a screenshot of tweets posted by Twitter bots that impersonate the Tesla boss, mention Binance CEO CZ and promote links to crypto spam videos on YouTube.

According to his bio section, @cb_doge is a graphics designer at Dogecoin Foundation. He tagged Twitter chief executive Parag Agrawal, urging him to look into this issue, which has been brought up frequently by Elon Musk and other crypto influencers like CZ and Dogecoin cofounder Billy Markus.

This time, Elon Musk joined the discussion launched by @cb_doge, responding to his comment with one word—”sigh.”

Sigh

— Elon Musk (@elonmusk) September 11, 2022

Previously, Elon Musk and Billy Markus were engaged in a discussion on this topic on Saturday, as U.Today reported. Earlier this year, the Tesla chief began a deal to buy Twitter for $44 billion to support freedom of speech. However, later on, he backed off, stating that Twitter refused to provide accurate data on the percentage of bots among Twitter users.

Beware of Elon Musk Deepfake Crypto Scams which are being promoted on YouTube.

Do not fall for such scams. @elonmusk will never ask you to send any crypto. pic.twitter.com/SgjC4pTKlT

— DogeDesigner (@cb_doge) September 11, 2022

In today’s world, the larger populace has access to movies, music, and everything else mainstream at cheap costs, but not books. For as low as $20, you can subscribe to a movie streaming platform and get access to thousands of movies, but you can only get one or two hardcover books at that price. Quilvius (QVIU) was created to address this issue alongside many other problems attached to the book publishing sector.

Books used to be the main source of knowledge for the large population years ago. The lesser versions, in the form of newspapers and journals, were how people got information on happenings and discoveries in the world. On a much smaller scale were letters sent from one party to another for the purpose of communication, but technology advancements have changed all of that.

Now, books are highly expensive and pirated across websites, with publishing industries declining in value with each passing year. Quilvius (QVIU) is here to change that with the backing of blockchain technology to ensure books hold their importance in society and authors get value for their works.

As Quilvius (QVIU) is onto a spectacular cause, it has the potential to be as big as Dogecoin (DOGE) in value. Quilvius (QVIU), like Dogecoin (DOGE), will have different components in its ecosystem and will highly reward its investors from transactions performed on the platform and in market surges for QVIU holders.

Quilvuis (QVIU) is passionate about making knowledge readily available for everyone at cheap costs and has made its community inclusive of authors, lessors, translators, readers, and investors. Its vision seeks to revive an aspect of knowledge that is fast becoming extinct, making it a valuable ecosystem, even above Dogecoin (DOGE).

Quilvius (QVIU) Will Make Profits For Individuals Like Dogecoin (DOGE) As Long As Writing And Reading Exists

Dogecoin (DOGE) became a profitable coin in the cryptocurrency market, being the first of its kind as a meme coin. However, Quilvius (QVIU) has the potential to be better than Dogecoin (DOGE), as the first coin addressing issues in the books sector and also as a profit generator as long as there’s reading and writing.

Similar to Dogecoin (DOGE) rewards meme sharing, Quilvius (QVIU) will ensure its community members profit from sharing and acquiring knowledge, creativity, writing, storytelling, and many more. As a result, the Quilvius community will be known as the Quilvius Troupe, and its platform for members will be known as the Quilvius Dais.

The authors of the Quilvius Dais will be the frontrunners as their works will be what make the project run. They get to communicate directly with their readers, keep the profits they make from books, and save themselves the costs of publishing companies. As Quilvius (QVIU) aims to make knowledge decentralized and free, the authors are expected to keep their works affordable and accessible to readers.

The platform’s lessors buy books from authors and rent to third parties, the translators make books available in all languages, and the readers derive the most benefit and help the platform grow over time.

Bonuses On Quilvius (QVIU) Dais

Many cryptocurrency platforms like Dogecoin (DOGE) incentivize their members, and the same is found in Quilvius(QVIU). When you QVIU tokens with cryptocurrencies including ETH, BNB/BSC, USDT TRC-20, USDT ERC-20, BTC, and SOL, you get 20%, 18%, 16%, 14%, and 12% more of the QVIU tokens you purchase.

You will also get bonuses on buying with fiat currency. Hence, if you buy QVIU tokens with as much as $100, $250, $500, $1000, or $2500, you get as much as 1%, 3%, 7%, 15%, or 31% more of the tokens you buy.

Conclusion

Purchase and invest in QVIU tokens to keep the culture of knowledge discovery alive and realize profits as much as Dogecoin (DOGE) gives its users. Buy with any of the above-listed methods also, and get more QVIU tokens.

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