Major Wall Street Firms File for Bitcoin ETFs Ahead of Expected SEC Approvals in 2023
• Several major Wall Street firms including Invesco, Fidelity, and BlackRock filed paperwork to launch Bitcoin ETFs, likely ahead of imminent SEC approval • The filings reveal key details like partner companies and fee structures for the planned Bitcoin ETFs • Analysts expect the SEC to approve multiple Bitcoin ETF issuers at once in early 2023, ending years of stonewalling • Invesco undercut competitors by planning to waive fees for 6 months and $5 billion invested in its ETF • Bitwise has already lined up $200 million in seed capital for its Bitcoin ETF, more than BlackRock's $10 million