{"id":81063,"date":"2023-06-30T17:57:50","date_gmt":"2023-06-30T14:57:50","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=81063"},"modified":"2025-09-11T20:42:21","modified_gmt":"2025-09-11T17:42:21","slug":"wsj-reports-sec-reaction-to-blackrock-and-fidelity-spot-bitcoin-etf-filings","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/wsj-reports-sec-reaction-to-blackrock-and-fidelity-spot-bitcoin-etf-filings\/","title":{"rendered":"WSJ reports SEC reaction to BlackRock and Fidelity spot-Bitcoin ETF filings"},"content":{"rendered":"

The spot Bitcoin-ETF<\/a> applications from BlackRock, Fidelity and other firms were not ‘clear and comprehensive.’ The SEC<\/span> told Nasdaq and the CBOE<\/span>, according to Wall Street Journal<\/a>, citing informed sources.<\/p>\n

According to them, the Commission returned the filings because they did not contain sufficient information about the so-called surveillance-sharing agreement<\/a> or details of this mechanism.<\/p>\n

A CBOE spokesperson, in comments to the publication, clarified that they plan to update and refile the documents.<\/p>\n

Fidelity’s filing mentions the surveillance-sharing agreement mechanism, which became a key addition to BlackRock’s proposal. The investment giant filed documents to register a spot Bitcoin ETF at the end of June, joining Valkyrie<\/a>, WisdomTree and Invesco<\/a>.<\/p>\n

To date, the SEC has rejected almost all spot Bitcoin ETF filings. The Commission made an exception for products ProShares<\/a> and Valkyrie Investments<\/a>, which are based on Bitcoin futures on the Chicago Mercantile Exchange. Grayscale filed suit against the regulator<\/a> after the rejection.<\/p>\n

In the wake of the news, Bitcoin’s price briefly fell toward around $29,500, but quickly recovered to above $30,000. According to CoinGecko, over the last 24 hours the asset fell 1.4%.<\/p>\n

\"BTCUSDT_2023-06-30_17-50-44\"
15-minute BTC\/USDT chart on Binance. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

Some assets among the top-10 by market cap also ended up in the ‘red zone’.<\/p>\n

\"Snimok-ekrana-2023-06-30-v-17.51.02\"
Data: CoinGecko.<\/figcaption><\/figure>\n

Earlier, Circle CEO Jeremy Allaire forecast that the recent wave of proposals to launch spot Bitcoin ETFs would lead to regulatory approval.<\/p>\n

ARK Invest and 21Shares have priority over BlackRock and others in the SEC’s list of spot Bitcoin ETF filings, based on the timing of their submissions.<\/p>\n","protected":false},"excerpt":{"rendered":"

The spot Bitcoin ETF applications from BlackRock, Fidelity and others were not ‘clear and comprehensive’.<\/p>\n","protected":false},"author":1,"featured_media":81064,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[865,1248,128,1211],"class_list":["post-81063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blackrock","tag-fidelity-investments","tag-sec","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"28","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81063","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=81063"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81063\/revisions"}],"predecessor-version":[{"id":81065,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81063\/revisions\/81065"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/81064"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=81063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=81063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=81063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}