June 29 (Cointime) - Fidelity has resubmitted paperwork for its Wise Bitcoin Trust, a spot bitcoin ETF, following similar filings from BlackRock's iShares unit, Invesco, and WisdomTree.

Fidelity's previous attempt to launch a spot bitcoin ETF in 2021 was rejected by the SEC in 2022.

The SEC has not yet made a decision on any of the new applications, with some remaining skeptical about BlackRock's chances of approval. The price of bitcoin remains relatively stable at $30,500.