Financial giants Invesco, Fidelity, BlackRock, Valkyrie and Bitwise have finalized their Bitcoin ETF offerings and are ready to launch trading upon SEC approval in early 2024.
In press releases, Wall Street investment giants BlackRock, Fidelity and Invesco, as well as cryptoasset companies Valkyrie and Bitwise, announced their readiness to launch spot Bitcoin ETFs. In particular, Bitwise and BlackRock announced the formation of seed capital to launch trading operations in the amount of $200 million and $10 million, respectively.
The companies disclosed key details of future trading, including trading chains, partnerships with key brokerages, and the commissions their potential ETF partners would charge clients if given the green light by the U.S. Securities and Exchange Commission (SEC). light”.
Bloomberg ETF analyst Eric Balchunas believes that in general, the offers of investment corporations differ little. He suggests that the competition between Bitcoin ETF issuers will come down to manipulation of fees, brand history and client preferences..
Earlier, the founder of MicroStrategy, Michael Saylor, said that, in his opinion, the approval of a Bitcoin ETF in the United States, which the entire crypto industry is so eagerly awaiting, will be the biggest event for the American stock market in the last 30 years.