In the last few weeks, there have been notable developments in the spot Bitcoin ETF saga in the US, with asset managers revising their application forms following dialogue with the US Securities and Exchange Commission (SEC). 
On December 29, which marked the final day for S-1 amendments, Fidelity Investments, alongside six other asset managers, namely VanEck, Bitwise, WisdomTree, Invesco, BlackRock, and Valkyrie, all updated their ETF applications with the SEC in what seems like a preparatory move for an approval by the US securities regulator.
Fidelity Offers Lowest Sponsor Fee In Incentive Competition Among Asset Managers
In its S-1 form update, Fidelity Investments revealed more information on its proposed spot Bitcoin ETF, notably announcing Jane Street Capital as an authorized participant (AP). For context, authorized participants are typically large financial institutions that play a crucial role in the creation and redemption process of an ETF.
Furthermore, Fidelity is also lo

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