July 4 (Cointime) - Several prominent financial institutions, including Blackrock, Wisdomtree, Valkyrie, Fidelity, Ark Investment, and Invesco, had their spot bitcoin ETF applications rejected by the SEC due to inadequate registrations. Following this, Fidelity, Vaneck, Invesco, and Wisdomtree resubmitted their filings with updates and amendments.

Cboe, an exchange operator, also confirmed its intention to resubmit its spot bitcoin ETF filings and collaborated with Coinbase to prevent market manipulation. Coinbase was officially designated as a surveillance-sharing agreement partner, while Blackrock and Ark opted out.

The SEC has yet to formally acknowledge the application review, but the price of bitcoin has remained resilient despite the challenges faced by the cryptocurrency market earlier this year.