Fidelity is again sufficient for Bitcoin ETF to join the competition for the approval of well-known financial companies

Fidelity is again sufficient for Bitcoin ETF to join the competition for the approval of well-known financial companies

fidelity is again sufficient for a Bitcoin ETF

According to the ETF analyst James Seyffart from Bloomberg, Fidelity Investments has again submitted his application for a Bitcoin ETF. Although there are no significant differences between the two versions of the application, some formatting changes were made.

This renewed submission is part of a competition between well-known financial companies for the approval of a Bitcoin ETF. Such an ETF would enable investors to access cryptocurrency via traditional broker accounts.

In the past few months, the endeavor to a Bitcoin ETF has increased. Prominent financial companies such as Blackrock, Investco and WisdomTree are among the actors who have submitted or submitted applications to the US Stock Exchange Supervisory Authority SEC. Both Nasdaq and Cboe Global Markets submitted their documents again after the SEC considered the first submissions to be insufficient.

However, obtaining the SEC permit for a Bitcoin ETF has proven to be a challenge. So far, the regulatory authority has consistently rejected crypto-ETF applications. The fund companies have repeatedly tried to meet the strict requirements and to clean up the concerns of the Sec.

The introduction of cryptocurrency ETFs, such as the first spot bitcoin ETF by Jacobi Asset Management in Europe, marks an important milestone in the field of cryptocurrencies. These ETFs not only offer new investment options, but also contribute to the growing acceptance and legitimacy of digital assets.