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Several US Financial Institutions Resubmit Bitcoin ETF Applications

July 3 (Cointime) - On Friday, it was reported that the SEC had deemed the ETF registrations submitted by several major financial institutions, including Blackrock, Wisdomtree, Valkyrie, Fidelity, Ark Investment, and Invesco, as "inadequate." Following this development, four institutions resubmitted their spot bitcoin ETF applications. According to an article by WSJ, a Cboe official acknowledged that the exchange plans to resubmit its spot bitcoin ETF registrations.

Blackrock had already picked Coinbase as its SSA partner, and although they didn't resubmit their applications, neither did Ark. It remains to be seen whether the SEC will accept the resubmitted spot bitcoin ETF filings now that Coinbase has been added as a surveillance-sharing partner, especially amid the legal battle between Coinbase and the SEC.

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