Fidelity files updated version of its spot Bitcoin ETF filing

A public regulatory filing shows that Fidelity has submitted an updated version of its spot Bitcoin ETF S-1 filing to the SEC. Topics mentioned in the new release include: detailed specification of escrow arrangements; clarification of mechanisms related to hard forks; emphasis on valuation and pricing sources and compliance with GAAP (Generally Accepted Accounting Principles); enhanced risk disclosures regarding regulatory uncertainty; acknowledgment The energy-intensive nature of the mining industry. Bloomberg ETF analyst James Seyffart commented on this that there is more evidence that potential spot Bitcoin ETF issuers are communicating with the SEC about the changes/revisions required for the agency to consider approval, which is a positive sign for the next few years. Weeks and months may see more publishers submitting updated versions.