$4.5 trillion asset manager Fidelity officially filed a registration of securities with the SEC for its spot Bitcoin ETF. The filing is another step towards potential approval of one of the first Bitcoin ETFs in the US.

The registration of securities is the introductory step for the SEC to receive information about Fidelity’s proposed Bitcoin ETF. Fidelity has met with the SEC on multiple occasions to discuss the application and give insight on how important the ETF will be. The firm filed its Bitcoin ETF back in June, and is maneuvering through the applicant process swiftly. Fidelity also has a pending Spot Ethereum ETF application it submitted to the SEC back in November.

While many applaud the listing of Fidelity’s spot Bitcoin ETF and it’s registration of securities as a positive development, there exists a faction of critics expressing reservations about these investments vehicles.

Also Read: Fidelity’s Spot Bitcoin ETF Listed on DTCC

The next step following this registration for Fidelity is for the SEC to review the securities registration, which has already been accepted. Many experts expect Spot Bitcoin ETF approval to come as soon as this month, and by the end of Q1 2024 the latest. It’s unclear how long this next step in the process will take, but after the news, other investment/asset firms may look to submit their registrations of securities soon.

$4.5 trillion asset manager Fidelity officially filed a registration of securities with the SEC for its spot Bitcoin ETF. The filing is another step towards potential approval of one of the first Bitcoin ETFs in the US.

The registration of securities is the introductory step for the SEC to receive information about Fidelity’s proposed Bitcoin ETF. Fidelity has met with the SEC on multiple occasions to discuss the application and give insight on how important the ETF will be. The firm filed its Bitcoin ETF back in June, and is maneuvering through the applicant process swiftly. Fidelity also has a pending Spot Ethereum ETF application it submitted to the SEC back in November.

While many applaud the listing of Fidelity’s spot Bitcoin ETF and it’s registration of securities as a positive development, there exists a faction of critics expressing reservations about these investments vehicles.

Also Read: Fidelity’s Spot Bitcoin ETF Listed on DTCC

The next step following this registration for Fidelity is for the SEC to review the securities registration, which has already been accepted. Many experts expect Spot Bitcoin ETF approval to come as soon as this month, and by the end of Q1 2024 the latest. It’s unclear how long this next step in the process will take, but after the news, other investment/asset firms may look to submit their registrations of securities soon.