Fidelity, the global asset manager, has officially filed for its Spot Bitcoin ETF recently. The U.S. Securities and Exchange Commission stated that the filings made for the Bitcoin exchange-traded funds (ETF) by Blackrock and Fidelity were not sufficiently clear and comprehensive. After the SEC’s comments, Fidelity updated the application. The SEC stated that the recent proposals by Blackrock and Fidelity to launch spot bitcoin exchange-traded funds (ETFs) deemed inadequate. Moreover, the SEC has mentioned that the exchanges can submit the filings. Following the SEC announcement, Fidelity has updated its filing.