The Securities and Exchange Commission (SEC) has started the approval process for Spot Bitcoin ETFs, with BlackRock and Fidelity among the applicants. Despite the influx of applications, the SEC has not yet approved any such service. However, the involvement of established financial institutions has led to speculation that this may soon change. The review process will begin once the filings are published on the register. The SEC’s acknowledgment of the applications does not indicate whether an approval or rejection is imminent.

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