Filings with the SEC on Wednesday show that Fidelity‘s Wise Origin Bitcoin Trust and the First Trust SkyBridge Bitcoin ETF are officially beginning their SEC review.
An outcome on the list of U.S Bitcoin ETF applicants could be reached in under 45 days.
What Happened: According to the most recent filings with the U.S Securities and Exchange Commission (SEC), Bitcoin ETF applications from SkyBridge Capital and Fidelity Investments are now officially under review by the U.S regulator.
SkyBridge Capital’s Bitcoin ETF has been backed by the NYSE Arca, while Fidelity’s Wise Origin Bitcoin Trust is backed by the
Chicago Board Options Exchange (NYSE:CBOE).
The two Bitcoin ETF applications join a list of four others that are already under official review – VanEck, Kryptoin, Valkyrie, and WisdomTree.
<p><span>The Commodity Futures Trading Commission today announced filing charges in federal court against Chicago commodity pool operators (CPOs) LJM Partners Ltd and LJM Funds Management Ltd, (collectively LJM), their Chairman, owner and registered associated person (AP) Anthony J. Caine of Colorado and Chief Portfolio Manager Anish Parvataneni of Illinois with commodity pool fraud and fraud in connection with options on futures contracts for false or misleading statements about worst-case losses, risk management, and LJM’s risk profile.</span></p>
<div><span><br /></span></div>