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Fidelity renews push for spot Wise Origin BTC Trust, making it 7th applicant this year

Fidelity’s application follows BlackRock’s spot Bitcoin ETF application on June 15 and those of WisdomTree, Invesco and Valkyrie in the following days. According to Bloomberg, seven applications for a spot Bitcoin (BTC) ETF have been filed this year. Like WisdomTree and Invesco, Fidelity was making a second try at a spot BTC ETF. Similar to other spot BTC ETF applications, this one stated that the CME Bitcoin Futures market “represents a regulated market of significant size as it relates […] to the spot bitcoin market.” It argued the point in detail and cited extensive research to support its view. The 193-page application said:

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Source: Cryptocurrency - investing.com

Bitcoin traders say BTC price will soon break beyond $31K yearly highs

‘Sam Bankman-Fried really hurt the industry’ — Anthony Scaramucci