As the December 29 deadline approached, key players in the financial sector submitted their final amendments to their S-1 applications for spot Bitcoin ETFs to the U.S. Securities and Exchange Commission (SEC). Firms including Invesco Galaxy, Bitwise, WisdomTree, and Fidelity were part of this last-minute submission rush, following others like BlackRock and Van Eck. Notably, Invesco Galaxy waived its fee for the first six months and the first $5 billion in assets, while Fidelity set its fee at 0.39%, indicating a competitive environment. Bitwise, although yet to name its authorized participants, revealed a potential $200 million share purchase in its ETF. The SEC deadline brought a flurry of submissions from other major firms as well, showcasing the growing interest in the Bitcoin ETF market.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
