Yesterday, Fidelity Digital Asset submitted to the SEC an updated version of its application to issue an ETF on spot Bitcoin.
This is an important move, because it reveals that work is progressing from this point of view.
The SEC’s interest
For several years now, several parties have been trying to apply to the SEC for approval to issue an ETF on spot Bitcoin in the markets.
The SEC had always refused to approve them, but the late August ruling in the Grayscale case effectively forced it to approve them.
What’s more, the SEC could have appealed that ruling, but it decided not to, as if to admit that the court that proved it wrong was right.
This led to a real turning point.
In fact, until now the SEC had always limited itself to postponing the decision as much as possible, and eventually to rejecting all requests it received to that effect, without ever elaborating on it, or asking for more information, or even commenting on it.
Instead, after that ruling it changed
We współpracy z: https://en.cryptonomist.ch/2023/10/19/fidelity-spot-bitcoin-etf-claim/
