Fidelity Submits Updated BTC ETF Prospectus to SEC!

Fidelity has submitted an updated version of its Bitcoin spot ETF prospectus to the Securities and Exchange Commission (SEC). The prospectus includes details of custody arrangements, valuation and pricing sources, GAAP compliance, risk disclosures surrounding regulatory uncertainty, mining energy consumption properties, and more. The proposal is a step closer to launching a Bitcoin ETF, which would allow investors to invest in Bitcoin through the traditional financial markets.