Fidelity, Others Amend Spot Bitcoin ETF Forms On Deadline Day – Details
Summary
Asset managers, including Fidelity, VanEck, Bitwise, and others, updated their spot Bitcoin ETF applications with the SEC. Fidelity aims to attract investors by offering the lowest sponsor fee of 0.39%. Invesco waived its 0.59% sponsor fee for the first $5 billion of Trust assets. BlackRock also updated its application, and the decision window for SEC approval is between January 8-10. Analysts are divided on the potential impact of a Bitcoin ETF approval, with some predicting a price drop to $32,000 and others expecting increased demand and a surge in market price. At the time of writing, Bitcoin trades at $42,060.01 with a 1.42% decline in the last day and a daily trading volume of $23.74 billion.
