⚠️BREAKING: *BITCOIN TOUCHES 13-MONTH HIGH; CRYPTO-LINKED STOCKS RISE BTC $COIN $RIOT $MARA
), and Fidelity have filed applications to U.S. regulators to sell the ETFs, which would be backed by actual Bitcoin.
According to news reports, BlackRock's application has been seen by investors as a sign that the U.S. Securities and Exchange Commission may be on the verge of dropping its opposition to these types of products. The SEC has previously rejected similar instruments due to concerns over volatility and possible fraud or manipulation. Currently, the only cryptocurrency-linked ETFs that U.S. regulators have approved are tied to Bitcoin futures contracts, which are listed and monitored by the Chicago Mercantile Exchange.
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