Refile and wait? Pulse check on the quest for a spot bitcoin ETF
Publishing timestamp: 2023-07-07 14:21:05
Summary
Major firms like Fidelity and BlackRock have refiled their applications for a bitcoin exchange-traded fund (ETF) launch, but the U.S. Securities and Exchange Commission (SEC) still finds the filings lacking. The firms are working on surveillance-sharing agreements with Coinbase to address SEC's concerns about fraud and market manipulation. While there is some optimism, the article suggests that the odds of approval this year are still negative.
Sentiment: MIXED
Tickers: GBTC, FIS, BLK, COIN,
Keywords: investment strategy, exchange-traded funds, markets, grayscale bitcoin trust (btc), business news, stock markets, fidelity national information services inc, coinbase global inc, blackrock inc,