When investment giant Fidelity filed for a Bitcoin ETF yesterday, it became one of at least seven companies hoping to get approval by the US Securities and Exchange Commission (SEC).
The list of current applicants include Anthony Scaramucci’s SkyBridge Capital, the New York Digital Investment Group (NYDIG), ETF provider VanEck, and crypto index provider Bitwise. NYDIG, of course, is a subsidiary of asset management firm StoneRidge. This surging demand begs the question: Is it time to approve a Bitcoin ETF?
A long and winding road
The road toward a Bitcoin ETF has been a long one. Since the Winklevoss twins first filed for a Bitcoin ETF-like trust in 2013, the SEC has repeatedly dragged its feet over the idea. It has repeatedly delayed making decisions on multiple Bitcoin ETFs over the last few years, causing firms like VanEck to pull their applications over fears the SEC would reject them.
The SEC’s main concerns about approving a Bitcoin ETF relate to the lack of transparency of
Źródło: https://decrypt.co/62912/there-are-now-7-high-profile-bitcoin-etf-applications
