Fidelity has submitted an updated proposal for a spot bitcoin exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC). The asset manager joins other applicants in continued efforts to address regulatory concerns that have stood in the way of approving the investment product.
Fidelity Files Updated Spot Bitcoin ETF Prospectus With SEC
Financial giant Fidelity has submitted a revised version of its Wise Origin Bitcoin Trust to the U.S. securities regulator. The updated spot bitcoin ETF prospectus seeks to meet SEC requirements which could increase the chances of approval.
With the new filing, Fidelity joins other potential issuers that have tried to address the regulator’s concerns in various areas. Invesco and Ark Invest refiled their applications earlier in October.
Bloomberg’s James Seyffart views these moves as positive signs. The ETF analyst commented on the latest development in a post on X, formerly Twitter:
More proof that potential spot Bitcoin ETF is
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