JPMorgan named AP in final Bitcoin ETF filings; Pullix hits $2M milestone

5:57 pm
December 30, 2023

**Countdown to First US Bitcoin ETF Spotlights JPMorgan and Pullix’s Milestone**

The race for the first spot Bitcoin exchange-traded fund (ETF) approved for the US market is gaining momentum. As the final S-1 amendments were submitted by BlackRock, Valkyrie, Fidelity, and other applicants, it’s now anticipated that the Securities and Exchange Commission (SEC) will approve the first batch of spot Bitcoin ETFs early January. JPMorgan and Jane Street have been named as authorized participants (APs) in the final Bitcoin ETF filings, signaling significant progress towards the long-awaited approval.

Moreover, Pullix, a hybrid exchange that offers a blend of centralized and decentralized features, has achieved a major milestone by attracting over $2 million in its presale. With a unique approach to liquidity provision and innovative rewards model, Pullix is set to play a leading role in the DeFi ecosystem.

**JPMorgan Named as Authorized Participants in Final Bitcoin ETF Filings**

The anticipation for the approval of the first spot Bitcoin ETF by the SEC has been high, especially following Grayscale’s legal victory. The recent filings by multiple firms, including BlackRock, Van Eck, ARK 21 Shares, Invesco Galaxy, Valkyrie, Fidelity, Bitwise, and WisdomTree, have revealed significant details such as naming of authorized participants and fee structures.

JPMorgan, together with Jane Street, has been named as an authorized participant in BlackRock and Valkyrie’s filings, showcasing the growing institutional interest in Bitcoin ETFs. Various fee structures have also been revealed, indicating a potential “price war” among issuers.

**Pullix Aims to Redefine DeFi with Hybrid Exchange**

Pullix is positioned as a transformative force in the DeFi industry, offering a hybrid exchange built on the Ethereum blockchain. Its community-centric approach and emphasis on security, coupled with innovative liquidity provision and unique rewards model, make it a promising player in the DeFi space. The presale of Pullix’s native PLX token has reached a significant milestone, surpassing $2 million in value and demonstrating strong market interest.

**Summary**

The final S-1 amendments submitted by prominent firms, including JPMorgan’s and Jane Street’s naming as authorized participants in the Bitcoin ETF filings, signal a step closer to the SEC’s potential approval of the first spot Bitcoin ETF. Meanwhile, Pullix’s presale has hit a $2 million milestone, underlining the significant market interest in its unique hybrid exchange model and tokenomics.

**FAQs**

1. **What is an authorized participant (AP) in an ETF?**
An authorized participant is a designated participant in an ETF responsible for buying and selling securities to keep the ETF’s market price in line with its net asset value.

2. **What is Pullix?**
Pullix is a hybrid exchange built on the Ethereum blockchain, offering a blend of centralized and decentralized features, with a strong focus on community engagement and innovative liquidity provision.

3. **What is DeFi?**
DeFi stands for decentralized finance, which generally refers to the use of blockchain technology and cryptocurrencies to recreate traditional financial systems such as borrowing, lending, and trading without relying on centralized authorities like banks or exchanges.


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