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ARK Invest has become the first to file its final Form S-1 amendment for its proposed spot Bitcoin (BTC) exchange-traded fund (ETF) ahead of a reported United States Securities and Exchange Commission (SEC)-imposed deadline understood as a requirement to be considered in the first wave of decisions in January 2024.

According to an earlier report, officials from the SEC met with representatives of at least seven firms on Dec. 21, setting a deadline for applicants to file their final S-1 amendments by Dec. 29.

Regulators reportedly told attendees at the meetings that any issuer that doesnt meet the deadline will not be part of a first wave of potential spot Bitcoin ETF approvals in early January.

According to an SEC filing, ARK Invest filed an amendment to the S-1 registration statement for its Ark 21Shares Bitcoin ETF late on Dec. 28.

Bloomberg ETF analyst Eric Balchunas said that the amendment was centered around authorized participants.

On Dec. 19, Arkrevised its application with a change to cash creations and redemptions for shares in the fund.This was in line with other issuers who had to bend the knee to cash creations.

Fellow Bloomberg ETF analyst James Seyffart saidearlier that he was surprised not to have seen any amended Bitcoin ETF filings yet. Balchunas commented that others may wait until the last minute because they dont want to show their competitors the amendments.

More than a dozen firms are vying for an approved spot Bitcoin ETF, with more amended S-1 filings expected to be submitted in the coming 24 hours.

Related: Bitcoin ETF issuers push 3 crypto ads in 48 hours

Remarking on the flurry of activity leading up to the anticipated launch of spot Bitcoin ETFs in January, ETF Store president Nate Geraci said:

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ARK Invest kicks off Bitcoin ETF 'amendment-athon' ahead of deadline - Cointelegraph