Fidelity, VanEck, and more refile spot Bitcoin ETF applications after reports of SEC rejections


30 Jun 2023 10:15 PM

Several asset managers have once again re-submitted applications for their proposed spot Bitcoin ETFs following the possibility of an upcoming rejection....

  • Several asset managers, including Fidelity, WisdomTree, VanEck, Invesco, and BlackRock, have resubmitted their spot Bitcoin ETF applications after reports of them not meeting the SEC's standards regarding surveillance-sharing agreements.
  • The SEC had concerns about the applications' lack of clarity in identifying a specific spot Bitcoin exchange for surveillance-sharing agreements.
  • Fidelity, WisdomTree, VanEck, and Invesco submitted revised filings, while BlackRock filed with Nasdaq instead of Cboe.
  • The exchanges proposed establishing surveillance-sharing agreements with the Chicago Mercantile Exchange (CME) to address the SEC's concerns.
  • The SEC has not definitively rejected the ETF applications, and no public statement has been made.

The sentiment of the article is neutral, providing information about the resubmission of spot Bitcoin ETF applications and the SEC's concerns.

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You May Ask

Which asset managers resubmitted their spot Bitcoin ETF applications?What were the SEC's concerns regarding the applications?How did the exchanges propose addressing the SEC's concerns?Has the SEC made a decision on the ETF applications?What is the purpose of surveillance-sharing agreements in the ETF approval process?

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