November Sees Over 1,000 Bitcoin Mentions in SEC Filings

According to data, last month saw a record number of documents lodged with the Securities and Exchange Commission (SEC) by corporations that contained the term “bitcoin.”

November saw 1,074 filings that referred to Bitcoinn, an increase of 35.1% compared to last year, as reported by a research analyst. The analyst added that this is a 32.6% increase from the previous maximum of 810, reached in May of this year.

With 527 filings mentioning Bitcoin in October, the number of such documents increased by 100% month-over-month in November.

However, that’s not exactly a true comparison given that November is the month of quarterly earnings reports, so when crypto-related companies file their 10-Qs and 8-Ks, there is typically an increase in filing.

The analyst stated that the increased frequency of bitcoin-related filings indicates greater recognition and adoption of cryptocurrencies in general, “but also indicates that many firms are interested in the ETF hoopla.”

The prominence of the term “bitcoin” in SEC filings is indicative of the enthusiasm that surrounds the cryptocurrency market as a whole, as participants anticipate the regulator’s approval of the inaugural spot bitcoin ETF.

The Grayscale Bitcoin Trust submitted nearly forty documents, most of which were free-writing prospectuses (FWPs) that appear to be linked to public statements made by Grayscale executives before a potential G BTC +4.77% conversion.

Regardless of the particulars, it demonstrates that regulatory filings for the most significant crypto asset in the world are increasing in frequency.

At present, thirteen spot bitcoin ETF petitions are pending with the SEC, including those from Franklin Templeton, Fidelity, BlackRock, and Grayscale.