SEC Accepts Six Spot Bitcoin ETF Proposals for Review
The U.S. Securities and Exchange Commission (SEC) has accepted applications to create spot bitcoin exchange-traded funds (ETFs) from six firms, including BlackRock and Fidelity, for review, the first step in the agency's process for deciding whether or not to approve the products. The SEC has previously rejected dozens of spot bitcoin ETF applications, saying the proposals did not meet anti-fraud and investor protection standards. The first bitcoin futures ETF was approved in October 2021.
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