exchange-traded fund , triggering a surge of optimism among other funds and the broader cryptocurrency markets.In the wake of BlackRock’s ETF, several other firms followed suit, a move that coincided with the cryptocurrency market’s rally.Nevertheless, BlackRock’s prospects were subsequently dismissed by the SEC, along with other applicants. According to the SEC, these initial filings by issuers were insufficient and lacked necessary information.
In the newer version, BlackRock resubmitted its application by utilizing Nasdaq as the platform. This resubmission included additional details stating that Coinbase will provide market surveillance services for the ETF. In addition to Fidelity, the companies involved in this endeavor include Invesco, VanEck, 21Shares, and WisdomTree. These firms, among eight in total, are aiming to launch the first wave of spot Bitcoin ETFs in the United States.
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