BlackRock Inc.’s surprise filing for a US spot Bitcoin exchange-traded fund last week has led to a flurry of similar applications from rival issuers and speculation that the asset manager has key insights that will lead to approval of its application.
At least three issuers have filed plans since BlackRock filing
The SEC has resisted allowing spot Bitcoin ETFs, citing risks
Something’s up especially now that Citadel, Fidelity and Schwab have stakes in the new EDX exchange…