Fidelity Funds Management LLC has joined the list of firms believed to be in communication with the US Securities and Exchange Commission (SEC), after
Fidelity has joined Ark Invest and Invesco in filing an updated version of its spot BTC ETF. It comes weeks after the US SEC sent letters to the prospective issuers, with requirements that would warrant an approval. Experts say it is a good sign, evidence of ongoing consultation between the commission and institutional players. it filed an amended version of its spot Bitcoin Exchange-Traded Fund .
— Scott Johnsson October 17, 2023 With all these developments, pressure is building on SEC chair Gary Gensler as the market now looks forward to a definite approval. It is now not a matter of if, but when the SEC will finally green light a Spot BTC ETF. Crypto ETF FAQs What is an ETF? An Exchange-Traded Fund is an investment vehicle or an index that tracks the price of an underlying asset. ETFs can not only track a single asset, but a group of assets and sectors.
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