Firms Refile Applications for Spot Bitcoin ETFs

postedΒ  1 Jul 2023
Photo - Firms Refile Applications for Spot Bitcoin ETFs
On Friday, Fidelity Investments and several other firms submitted revised applications for spot Bitcoin exchange-traded funds (ETFs) after the US Securities and Exchange Commission (SEC) deemed the initial filings inadequate.

The companies, including Invesco, VanEck, 21Shares, and WisdomTree, are part of a group of eight firms aiming to launch the first wave of US spot Bitcoin ETFs.

BlackRock kickstarted the trend with its unexpected filing in mid-June.

In the latest filings, all five firms indicated that Coinbase Global Inc. will provide market surveillance for their ETFs, a detail that was missing from their previous applications.