As Bitcoin surges past $45,000 for the first time since April 2022, several leading asset management firms are gearing up for a major development in the cryptocurrency space.
Numerous asset management companies, such as BlackRock Asset Management, a division of BlackRock Inc (NYSE: BLK), VanEck, Valkyrie Investments, Bitwise Investment Advisers, Invesco Ltd., Fidelity, WisdomTree Investments, and a collaboration between Ark Investments and 21Shares, have recently revised their submissions to the Securities and Exchange Commission.
These updates, made last week, are in preparation for the potential launching of spot Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs) tied to the spot price of Bitcoin, Reuters reported.
Quoting sources, the ...