#shorts #BlackrockETF #BitcoinETF #SEC #Coinbase #Fidelity #Cryptocurrency #BitcoinNews #Investing #CryptoMarket #FinancialNews
Exciting news for the crypto community! Blackrock, the renowned investment management firm, has resubmitted its application for the highly anticipated Bitcoin Spot ETF. This move follows the recent statement from the Securities and Exchange Commission (SEC), labeling the initial filings for spot Bitcoin ETFs as inadequate.
In compliance with the SEC's request, Blackrock has officially named Coinbase as its surveillance-sharing partner. The SEC expressed concerns about the lack of information regarding the fulfillment of the surveillance-sharing aspect in the applications. Now, with Coinbase stepping in as the trusted partner, the path is clear for Blackrock's revised application.
But that's not all! Fidelity, a major rival in the investment space, has also refiled for a Bitcoin Spot ETF, echoing Blackrock's commitment to addressing the SEC's concerns. Fidelity made their announcement on Friday, adding to the growing excitement surrounding the potential approval of Bitcoin Spot ETFs.
The news of these developments has further fueled the surge of Bitcoin's value, creating an electrifying atmosphere in the crypto market. Don't miss out on any updates! Subscribe to our channel to stay up to date with the latest news, analysis, and insights on the exciting world of cryptocurrencies.
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