Invesco, VanEck, 21Shares, WisdomTree and Fidelity направили SEC updated proposals to launch the spot Bitcoin-ETF after the previous SEC named them ‘vague and incomplete’. Bloomberg reports.
On June 30, WSJ sources reported that the SEC returned the filings, as they lacked sufficient information regarding the so-called joint surveillance agreement or details of this mechanism. The latter became a key addition to BlackRock‘s filing.
The aforementioned firms noted that Coinbase would provide support for the joint surveillance.
The agency noted rising chances of approvals for the applicants, as the joint surveillance mechanism aims to curb fraud and market manipulation. The SEC’s concerns about the lack of organization of this process led to the rejection of all 30 submitted spot Bitcoin-ETF proposals.
The Commission made an exception for products ProShares and Valkyrie Investments, which are based on Bitcoin futures on the Chicago Mercantile Exchange.
Earlier, Circle CEO Jeremy Allaire predicted that the recent wave of filings for cryptocurrency spot ETFs based on digital gold would win regulatory approval.