Fidelity has submitted a new proposal for a Bitcoin Exchange Traded Fund to the U.S. Securities and Exchange Commission in a new step to address ongoing regulatory concerns that have hindered the approval of Bitcoin ETF investment projects. Fidelity has updated its proposal for a Spot Bitcoin ETF in collaboration with the SEC and has submitted a modified version of the Wise Origin Bitcoin Trust to the agency. This is part of an effort to meet the SEC’s requirements, potentially increasing the chances of approval for related applications. It’s worth noting that the SEC approved exchange-traded investment funds that ... (full story)