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Spot ETF
Asset management firms continue their pursuit of digital asset offerings, as reports suggest that Invesco and Galaxy Digital submitted an application for a spot Ether exchange-traded fund (ETF) on September 29.
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Cathie Wood's Ark Invest has taken steps to establish the United States' inaugural Ethereum ETF, as revealed in a filing with the Securities and Exchange Commission on Wednesday.
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Cathie Wood, the founder and CEO of ARK Investment Management, reportedly indicated that the United States Securities and Exchange Commission (SEC) might grant approval to multiple spot Bitcoin exchange-traded funds (ETFs) simultaneously.
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Fidelity Investments, an asset manager managing assets worth over $4.2 Trillion, reportedly made preparations to file for the launch of its own Bitcoin ETF based on spot trading.
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