Grayscale and Fidelity File for Bitcoin ETF Approval Ahead of SEC Deadline as Over a Dozen Vie for Green Light
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Grayscale has filed a registration of securities with the SEC for its Spot Bitcoin ETF, a crucial part of the application process
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Fidelity recently submitted the same filing as they also prepare their application before next week's deadline
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Over a dozen applicants are being considered by the SEC, but these filings increase the odds of approval
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Grayscale already has one of the largest Bitcoin investment products, the Grayscale Bitcoin Trust, which it aims to convert into an ETF
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The SEC is likely signaling approvals are coming, potentially between January 8-10 according to one expert