Investment giant Fidelity, which manages $11.7 trillion in assets, has filed a securities registration application with the SEC for a spot Bitcoin ETF.
While the cryptocurrency market eagerly awaits spot Bitcoin (BTC) exchange-traded fund (ETF) approval from Fidelity a new move came. Fidelity has filed for securities registration with the SEC for its spot Bitcoin ETF, according to Bloomberg analyst James Seyffart. found. Registration also includes US-based exchanges cboe by FBTC symbol Approved below.
This application will open spot Bitcoin ETF products following future ETF approval by the U.S. Securities and Exchange Commission (SEC). in order to quickly introduce it to the market It is thought to have been made.
Making a statement on the subject, Seyffart said that there is still time for ETF listing. 19b-4 approval While stating that it is necessary next week He signaled that it could happen:
My understanding is that this is just a securities registration. The ETF still needs 19b-4 approval to list and they need a valid/approved/completed S-1 document. There is no 19b-4 yet. And the S-1 is still preliminary (seen below). I’m still looking forward to next week