The ETF registrations were “inadequate” as per SEC was out on Friday.
Blackrock had already picked Coinbase as its SSA partner.
Four companies resubmitted their spot bitcoin ETF applications on Friday after it was reported that SEC was dissatisfied with the previous round of filings by several major financial institutions. These institutions included Blackrock, Wisdomtree, Valkyrie, Fidelity, Ark Investment, and Invesco.
Information that the ETF registrations were “inadequate” was out on Friday by people familiar with the matter, according to an article by WSJ.
A Cboe official reportedly acknowledged in the WSJ report that the exchange plans to resubmit its spot bitcoin ETF registrations. After promising to revise and update the documents given by Fidelity, Vaneck, Invesco, and Wisdomtree, Cboe followed through.
Banking on Coinbase
On Friday, a major change to the modifications took place when Coinbase was added as an SSA partner. Blackrock had already picked Coinbase as its SS
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