News Explorer — Bitcoin Hits 2-month High as Fidelity, Other Firms Amend Spot Bitcoin ETF Filings

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Oct 18, 8:48 am

Coindesk

Bitcoin Hits 2-month High as Fidelity, Other Firms Amend Spot Bitcoin ETF Filings

Bitcoin (BTC) surged to a two-month high of $28,817 following amendments to a spot bitcoin ETF filing by Fidelity. The filing specified how the ETF will safeguard customers' bitcoin and disclose risks related to the regulatory environment. Other firms, including Ark Invest and Invesco, have also amended their filings, indicating ongoing discussions with the SEC. Approval of a spot bitcoin ETF is expected to add at least $1 trillion to the overall market capitalization in the coming months.

Bitcoin (BTC) surged to a two-month high of $28,817 following amendments to a spot bitcoin ETF filing by Fidelity. The filing specified how the ETF will safeguard customers' bitcoin and disclose risks related to the regulatory environment. Other firms, including Ark Invest and Invesco, have also amended their filings, indicating ongoing discussions with the SEC. Approval of a spot bitcoin ETF is expected to add at least $1 trillion to the overall market capitalization in the coming months.

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