- The US SEC accepted Bitcoin ETF applications of six companies to review.
- The companies include BlackRock, VanEck, Bitwise, WisdomTree, Fidelity, and Invesco.
- NYDIG shared positive comments and bullish beliefs on the approval of the spot Bitcoin ETF.
The US Securities and Exchange Commission (SEC) has decided to review the applications from six major companies to create spot bitcoin exchange-traded funds. The companies whose Bitcoin ETF applications are accepted by the SEC include BlackRock, VanEck, Bitwise, WisdomTree, Fidelity, and Invesco.
While the SEC has initiated the first step toward considering the Bitcoin ETF applications of the companies, a leading Bitcoin company, the New York Digital Investment Group (NYDIG), in its recent analysis, shared insights on the major dramatic changes the Bitcoin community could witness following the approval of a spot Bitcoin ETF.
As per NYDIG’s research, a spot ETF would be advantageous as it could help resolve some inconveniences in the current investment options in Bitcoin. Compared to other options including private funds and trusts, ETF is supposed to have a lesser tracking error and better liquidity. Though t…
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The post US SEC Reviews Bitcoin ETF Applications of Six Companies appeared first on Coin Edition.