Spot Bitcoin ETF Applications From BlackRock, Fidelity And Others Gain Traction With SEC

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Benzinga

In a significant development for the cryptocurrency sector, the U.S. Securities and Exchange Commission (SEC) recognized the spot Bitcoin (CRYPTO: BTC) ETF applications from several major firms, including Fidelity, VanEck, WisdomTree, Invesco and BlackRock Inc (NYSE: BLK). This acknowledgment did not necessarily imply imminent approval or rejection, but it signified a step forward in the application process. Over the past month, the digital asset sector was abuzz with news of asset management giants such as BlackRock and Fidelity seeking to establish their own Bitcoin Exchange-Traded Funds (ET…

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