BlackRock has submitted a revised filing for a Bitcoin spot ETF, with the trading code "IBIT."

ChainCatcher news indicates that according to the amended S-1 filing submitted to the U.S. Securities and Exchange Commission (SEC), BlackRock's proposed spot Bitcoin ETF is named IBIT. The updated document also includes new wording regarding the creation and redemption mechanism that the fund will adopt. The document states, "The trust will continuously issue and redeem a basket of currencies," and "These transactions will be exchanged for cash. Subject to obtaining physical regulatory approval, these transactions may also be exchanged for Bitcoin." Additionally, Ark 21Shares and WisdomTree also submitted their amended S-1 filings for their proposed spot Bitcoin funds to the SEC on Monday, which has not yet been approved.