SEC begins formal review of Fidelity, SkyBridge Bitcoin ETF applications

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A pair of Bitcoin (BTC) exchange-traded fund (ETF) applications submitted by Fidelity Investments and SkyBridge Capital are under official review by the United States Securities and Exchange Commission, reigniting a long-standing debate about whether regulators will finally approve America’s first crypto-focused ETF.

The SEC’s formal review of Fidelity Investments’ application was
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