Spot Bitcoin ETF Applications From BlackRock, Fidelity And Others Gain Traction With SEC

In a significant development for the cryptocurrency sector, the U.S. Securities and Exchange Commission (SEC) recognized the spot Bitcoin (CRYPTO: BTC) ETF applications from several major firms, including Fidelity, VanEck, WisdomTree, Invesco and BlackRock Inc (NYSE:BLK).

This acknowledgment did not necessarily imply imminent approval or rejection, but it signified a step forward in the application process.