Bitcoin-ETF Review Moves Forward as SEC Acknowledges Filings

Investors are a step closer to understanding how the race for the first US exchange-traded fund to invest directly in Bitcoin might play out.

The Securities and Exchange Commission acknowledged applications from BlackRock Inc., Fidelity, WisdomTree, VanEck and Invesco, according to documents posted to the agency’s website on Friday. This sets in motion a deliberation period, likely around 240 days, during which time the regulator can approve the funds, deny them or delay coming to a decision, analysts say. It also now opens the applications to public comments.

The regulator on Thursdaymade the same move regarding Bitwise’s application.

A ...