Industry insiders say exchanges and asset managers can overcome another apparent hurdle to a spot bitcoin ETF.
The U.S. Securities and Exchange Commission isn’t satisfied with a wave of applications filed this month for spot bitcoin BTCUSD exchange-traded funds, The Wall Street Journal reported Friday.Citing people familiar with the matter, the report said the regulator found...
Invesco IVZ , Wisdom Tree, Valkyrie, Cathie Wood’s Ark Investments, and Bitwise have also refiled or reactivated spot bitcoin ETF applications in recent days, the report said. Mei is referring to the recent spike for bitcoin BTCUSD , which occurred after BlackRock filed an application earlier this month.
“The prospect of a bitcoin spot ETF and broader institutional adoption has fueled expectations of a bullish market trend in recent years,” said Yang.
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