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Multiple firms amend their spot BTC ETF filings, JPMorgan predicts an approval by January 10
It was another busy week of developments on the cryptocurrency exchange-traded fund (ETF) front as spot Bitcoin (BTC) ETF application amendments by large asset managers helped bolster the chances of approval sometime in the next several months. Asset management giant Fidelity filed to amend its Wise Origin Bitcoin Trust ETF with the Securities and Exchange Commission (SEC) late Tuesday, altering the wording to specify how it will safeguard customers’ Bitcoin in custody accounts and disclose risks related to the unstable regulatory environment around cryptocurrencies, among other factors. The amended filing from ... (full story)